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Global oil prices jump nearly 7% on Middle East supply disruption fears

29/07/2026 | 23:18:17

Global oil prices jump nearly 7% on Middle East supply disruption fears

Amman, July 29 (Petra) - Global oil prices surged nearly 7% on Wednesday, driven by escalating tensions in the Middle East that heightened concerns over tightening supplies.

According to Bloomberg, Brent crude futures rose by $6.16, or 7.33%, to $90.25 a barrel.

U.S. West Texas Intermediate (WTI) crude gained $5.40, or 6.81%, to reach $84.65 a barrel.

//Petra// AF

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