Crude Oil Price Pops As Iran Closes Strait Of Hormuz

Benzinga_recent_news06-20 23:30

Crude oil prices jumped today, June 20, on popular perpetual futures marketplaces like Hyperliquid and Aster, after Iran announced the sudden closure of the Strait of Hormuz. WTI jumped to $79, while ...

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WTI jumped to $79, while ...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/26/06/60004404/crude-oil-price-pops-as-iran-closes-strait-of-hormuz\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UCO","symbol_name":"二倍做多彭博原油ETF","start_time":0,"source_url":"https://www.benzinga.com/markets/commodities/26/06/60004404/crude-oil-price-pops-as-iran-closes-strait-of-hormuz","article_id":"2645094485","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=240,format=auto,quality=85/files/images/story/2026/06/20/Oil-Field--Falling-Chart-And-Petroleum-R.jpg"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/commodities/26/06/60004404/crude-oil-price-pops-as-iran-closes-strait-of-hormuz","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2645094485","pubTimestamp":1781969400,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Brent and WTI crude oil benchmarks are rising today after Iran closed the Strait of Hormuz following the ongoing fighting in Lebanon.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UCO":"二倍做多彭博原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","OILK":"ProShares K-1 Free Crude Oil ETF","UGA":"United States Gasoline Fund LP","OILT":"Texas Oil Index ETF","SCO":"二倍做空彭博原油指数ETF","DBO":"原油ETF-PowerShares","BK4570":"地缘局势概念股","ERX":"二倍做多能源ETF-Direxion","DBC":"商品指数ETF-PowerShares DB","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","VDE":"Vanguard Energy ETF","IEO":"iShares Dow Jones U.S. Oil & Gas","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","PXE":"Invesco Energy Exploration & Production ETF","DBE":"能源商品ETF-PowerShares","BK4585":"ETF&股票定投概念","USO":"美国原油ETF","XLE":"SPDR能源指数ETF","USE":"USCF Energy Commodity Strategy Absolute Return Fund","FTXN":"First Trust Nasdaq Oil & Gas ETF","USL":"United States 12 Month Oil Fund LP","WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. 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WTI jumped to $79, while Brent rose to $82. The two popular benchmarks have risen by 7% from their lowest levels this month.\nIran has closed the Strait of Hormuz, citing the ongoing skirmishes in Lebanon and Gaza. This closure happened after Israel continued its strikes against Lebanon, killing at least 16 people. \nAccording to Reuters, Israel said that its strikes in South Lebanon were a response to Hezbollah attacks. It noted that Hezbollah launched over 50 projectiles towards Israel. At the same time, Hezbollah said that it would not allow Israel \"freedom of movement\" in Lebanon.\nIran closed the Strait of Hormuz because peace in Lebanon is one of the 14 points of the deal that President Donald Trump and his Iranian counterpart signed this week. \nIt is also one of the key risks facing the upcoming nuclear talks between the US and Iran. For one, US intelligence officials have warned the White House that Israel will work hard to undermine the talks. It may do that by attacking Lebanon and hoping that Iran will respond, which will draw the US back to war.\nThese events are happening at a time when global oil inventories are falling. For example, US Strategic Petroleum Reserves have plunged to a 43-year low. A separate report released this week showed that oil inventories fell by 8.3 million barrels last week to 418 million barrels. \nA recent report released by the International Energy Agency (IEA) showed that global crude oil supply will fell by 3.9 million barrels per day (mb/d) to 102.4 million this year and then rebound to 110.3 million mb/d next year. The report also estimated that demand will drop by 1.1 million barrels per day this year.\nThe focus now is on President Donald Trump’s comment on the closure of the Strait of Hormuz. He has previously argued that Israel’s Benjamin Netanyahu would respect his requests not to attack Lebanon. \nA possible scenario is where Trump pushes Netanyahu again to end his attacks in a bid to salvage the nuclear talks. He may also escalate the situation by relaunching his blockade against Iran, a move that may lead to higher oil prices in the near term. \nWith the global markets being closed for the weekend, investors have turned to perpetual futures platforms like Hyperliquid and Aster to trade oil. Data shows that Brent’s open interest on Hyperliquid jumped to $114 million in the last 24 hours. WTI’s open interest rose to $150 million.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2645094485","isCrawlerRequest":true}