{"id":787771,"date":"2026-05-11T01:50:16","date_gmt":"2026-05-11T01:50:16","guid":{"rendered":"https:\/\/www.europesays.com\/us\/787771\/"},"modified":"2026-05-11T01:50:16","modified_gmt":"2026-05-11T01:50:16","slug":"oil-price-today-brent-wti-rise-on-iran-war-worries","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/787771\/","title":{"rendered":"Oil price today: Brent, WTI rise on Iran war worries"},"content":{"rendered":"<p>The Liberia-flagged crude oil tanker Shenlong Suezmax successfully docked at Mumbai Port after navigating the high-risk Strait of Hormuz amid the intensifying West Asia conflict on March 11, 2026 in Mumbai, India. <\/p>\n<p>Hindustan Times | Getty Images<\/p>\n<p>Oil prices jumped Monday after Israeli Prime Minister Benjamin Netanyahu warned that the conflict with Iran was &#8220;not over,&#8221; raising fears that tensions in the Middle East could escalate again and further threatening energy supplies.\u00a0<\/p>\n<p>U.S. President\u00a0<a href=\"https:\/\/www.cnbc.com\/donald-trump\/\" rel=\"nofollow noopener\" target=\"_blank\">Donald Trump<\/a>, meanwhile,\u00a0<a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116552102914488206\" target=\"_blank\" rel=\"nofollow noopener\">rejected Iran&#8217;s counteroffer<\/a> to end the war with the U.S. and Israel. &#8220;I have just read the response from Iran&#8217;s so-called &#8220;Representatives.&#8221; I don&#8217;t like it \u2014 TOTALLY UNACCEPTABLE!&#8221; <\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/quotes\/@CL.1\/\" rel=\"nofollow noopener\" target=\"_blank\">U.S. West Texas Intermediate futures<\/a>\u00a0with June delivery advanced 3.08% to $95.42 per barrel, while the international benchmark\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/@LCO.1\/\" rel=\"nofollow noopener\" target=\"_blank\">Brent crude<\/a>\u00a0futures with July delivery rose 3.16% to $104.49 per barrel.\u00a0<\/p>\n<p>Stock Chart IconStock chart icon<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" class=\"Collapsible-dismissButton\" alt=\"hide content\"\/><\/p>\n<p>Brent crude prices this year<\/p>\n<p>&#8220;There&#8217;s still nuclear material, enriched uranium that has to be taken out of Iran,&#8221; <a href=\"https:\/\/www.cnbc.com\/benjamin-netanyahu\/\" rel=\"nofollow noopener\" target=\"_blank\">Netanyahu<\/a> said on Sunday in an interview on CBS&#8217;s &#8220;60 Minutes&#8221; that is set to air Sunday night. &#8220;There is still enrichment sites that have to be dismantled, there&#8217;s still proxies that Iran supports, there are ballistic missiles that they still want to produce &#8230; there&#8217;s work to be done.&#8221;<\/p>\n<p>Asked how the U.S. and Israel would remove the nuclear material, Netanyahu replied: &#8220;You go in, and you take it out.&#8221;<\/p>\n<p>Citi analysts wrote in their latest oil report that prices could rise further if Iran and U.S. do not agree a deal, adding that crude markets have been cushioned by high inventories, strategic petroleum reserve releases, weaker demand in developing economies and intermittent signs of possible de-escalation in the Middle East.\u00a0<\/p>\n<p>Citi maintained that risks to oil prices remain tilted to the upside, as Iran retains significant control over the timing and terms of any potential agreement to reopen the critical Strait of Hormuz energy route.<\/p>\n<p>&#8220;We assume that the regime will make a deal that reopens the Strait around end-May \u2026 but we continue to see the risks skewed towards this timeline being pushed out and\/or a partial reopening, which means disruptions for longer.&#8221;<\/p>\n<p>\u2014 CNBC&#8217;s Garrett Downs contributed to this report.<\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Liberia-flagged crude oil tanker Shenlong Suezmax successfully docked at Mumbai Port after navigating the high-risk Strait of&hellip;\n","protected":false},"author":3,"featured_media":787772,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[259682,316412,372,104,24455,133,81,77,5495,10102,3350,83,99,135,50,3345,67],"class_list":{"0":"post-787771","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-lco26n","9":"tag-lco26v","10":"tag-benjamin-netanyahu","11":"tag-breaking-news","12":"tag-breaking-news-major","13":"tag-breaking-news-markets","14":"tag-business-news","15":"tag-donald-j-trump","16":"tag-energy","17":"tag-energy-industry","18":"tag-foreign-policy","19":"tag-iran","20":"tag-israel","21":"tag-markets","22":"tag-news","23":"tag-oil-and-gas","24":"tag-united-states"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116553438222206614","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/787771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=787771"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/787771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/787772"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=787771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=787771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=787771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}