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macroJun 11, 2026, 5:31 AM

WTI crude rises near $89.50 as US launches new strikes on Iran

West Texas Intermediate crude oil edged higher to around $89.50 during early European trading on Thursday amid renewed US military strikes against Iran.

USOIL

West Texas Intermediate (WTI) crude oil traded near $89.50 in early European hours on Thursday, extending gains after the United States launched fresh strikes against Iranian targets. The military action has heightened geopolitical tensions in the Middle East, supporting oil prices on supply disruption fears.

No official price or volume data beyond the $89.50 level was provided in the original report. The conflict escalation remains a key driver for crude benchmarks in the near term.

Source: FXStreet Forex News