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macroJun 8, 2026, 1:04 AM

WTI Holds Gains Near $90.50 as Iran Launches Missiles Toward Israel

West Texas Intermediate oil prices opened with a bullish gap but edged lower, trading around $90.50 in Asian hours following Iran's missile launch toward Israel.

WTI

West Texas Intermediate (WTI) crude oil held gains near $90.50 per barrel during Asian trading on Friday, after opening with a bullish gap. Prices edged slightly lower from the opening but remained in positive territory.

The move follows reports that Iran launched missiles toward Israel, escalating geopolitical tensions in the Middle East. The risk of supply disruptions from the region continues to support oil prices.

Traders are monitoring the situation closely for further developments that could impact crude supply routes and global energy markets.

Source: FXStreet Forex News