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macroJul 13, 2026, 11:26 AM

Middle East Conflict Roils Markets, Oil Pulls Back From Highs

Renewed hostilities in the Middle East initially disrupted markets but oil prices retreated from session highs while equities stabilized. August WTI briefly traded above $75 before settling around $73.50.

USOIL

The escalation of the Middle East conflict sparked an initial market selloff, but as the session progressed, crude oil gave back gains and equities steadied.

  • August WTI crude peaked above $75 per barrel before pulling back to approximately $73.50.
  • Equities recovered from earlier losses, reflecting a stabilization in risk sentiment.

Source: FXStreet Forex News