At 8:40 am (Brasilia time) this Tuesday (14), the August contract of WTI crude oil recorded a significant increase of 2.02% in New York Mercantile Exchange (Nymex), quoted at US$79.72/barrel. The September contract for Brent It advanced 3.29% in Intercontinental Exchange (ICE), trading at US$ 86.04/barrel.
In the last trading session (13), WTI advanced 9.42%, to US$ 78.14/barrel, while Brent closed up 9.58%, at US$ 83.30/barrel. On the other hand, for the week, the contracts accumulated gains of 3.82% and 5.39%, respectively.
In this trading session, fuel prices continue to be impacted by the new escalation of hostilities between the United States and Iran, reigniting market fears about energy flows through the Strait of Hormuz. The previous day, US President Donald Trump reinstated the naval blockade of Iran and proposed a 20% tax to protect vessels passing through the route. According to the UAE Ministry of Defense, two UAE oil tankers were hit by Iranian cruise missiles in Hormuz. The attack resulted in the death of an Indian crew member and left eight injured. Meanwhile, the Ukrainian armed forces announced an attack against two oil refineries in Russia, in the Bashkortostan and Krasnodar regions.
This text was translated by machine from Brazilian Portuguese.