Oil prices climb as Qatar LNG carrier hit near Oman coast

The post Iran waiver revoked lifts oil, Polymarket keeps Starmer exit odds at 97.2% appeared on BitcoinEthereumNews.com. Jessie A Ellis Jul 08, 2026 02:31 Oil climbed about 5% after the United States revoked an Iran oil sanctions waiver, tightening expectations for Iranian crude flows and adding supply uncertainty. Iran waiver revoked lifts oil, Polymarket keeps Starmer exit odds at 97.2% Oil Surges 5% After U.S. Revokes Iran Sanctions Waiver as Polymarket Nudges Starmer Exit Odds Higher Oil prices jumped about 5% after the United States revoked an Iran oil sanctions waiver, a headline that rippled across global markets. On Polymarket, traders nudged up the leading pick in the “Next leader out of power before 2027? (No Orban)” contract, with Keir Starmer priced as the most likely next leader to exit before 2027. Key Takeaways Polymarket prices “Starmer – UK PM” as the leading outcome at 97.2% (No 2.8%) in “Next leader out of power before 2027? (No Orban)”. The market’

The post Crypto Market Slips 1.24% as US Strikes on Iran Lift Oil appeared on BitcoinEthereumNews.com. The total cryptocurrency market fell 1.24% on Wednesday after the United States launched military strikes against Iran, lifting oil prices and pushing investors out of risk assets. Bitcoin (BTC), Ethereum (ETH), and most large tokens traded lower over the past 24 hours, though the majors held onto strong gains built over the past week. Oil Price Jumps as US Strikes Hit Iran CENTCOM said its forces struck Iran, revealing they hit more than 80 targets with precision munitions on July 7. The actions followed reports of Iranian attacks on three vessels in the Strait of Hormuz. The latest attacks tested a fragile ceasefire reached between Washington and Tehran last month. The military described the operation in a statement posted to social media. “The unwarranted aggression by Iranian forces is a clear and dangerous violation of the ceasefire and undermines freedom of navigation,” CENTCOM

The post WTI spikes following fresh US airstrikes on Iran appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) oil price continues to advance after registering nearly 5% gains in the previous day, trading around $72.20 per barrel during the Asian hours on Wednesday. Global crude oil prices surged after the US military launched fresh airstrikes against Iran and revoked a key sanctions waiver that had allowed the country to sell oil internationally. The escalation comes on the heels of a series of Iranian attacks targeting commercial vessels in the vital Strait of Hormuz waterway, including a Qatari LNG carrier and a Saudi oil tanker. This renewed friction directly threatens a fragile, interim US-Iran peace agreement and raises the risk of severe global energy supply disruptions as wary shipowners and regional producers avoid the route. The sudden instability marks a sharp reversal from previous market forecasts of a supply glut, which had been expected after OPEC+ raised p

The post Middle East tensions lift oil as Polymarket sees 82.5% odds Fed holds in July appeared on BitcoinEthereumNews.com. Joerg Hiller Jul 07, 2026 22:34 U.S. Central Command said Tuesday evening the U.S. launched powerful strikes on Iran after attacks on three commercial vessels in the Strait of Hormuz, helping lift WTI crude more than 2% above $72. Middle East tensions lift oil as Polymarket sees 82.5% odds Fed holds in July July 2026 Fed Rate Decision: Polymarket “No Change” Jumps to 82.5% as Oil Rallies and FOMC Minutes Loom U.S. stock-index futures were near flat as investors weighed rising Middle East tensions, higher oil prices and the upcoming release of Federal Reserve meeting minutes. On Polymarket, traders pushed up the leading outcome in the “Fed Decision in July?” ladder, pricing “No change” at 82.5%. Key Takeaways Polymarket prices “No change” after the July 2026 Fed meeting at 82.5% (Yes) versus 17.5% (No). The repricing followed a session marked by h

The post Oil Prices Up As U.S. Cancels Iran’s Sales License, Launches Strikes appeared on BitcoinEthereumNews.com. Tugboats push the Djibouti-flagged crude oil tanker Glory Forever, carrying oil imported from the UAE, to the pier in Qingdao, Shandong province, China. (Photo: Yu Fangping) Future Publishing via Getty Images Oil prices rose on Tuesday following the U.S. government’s decision to cancel Iran’s license to sell crude and target it with military strikes, as tensions escalated between Washington and Tehran. The move follows suspected Iranian attacks on ships that use the U.S. Navy’s protected route through the Strait of Hormuz, jeopardizing the interim peace deal signed by Washington and Tehran. In retaliation, the U.S. launched a round of strikes against Iran alongside the license cancellation. A U.S. official told CNBC: “Iran will only reap benefits if they exhibit good behavior. Iran’s actions in the Strait were wholly unacceptable to the U.S. and will be met with consequenc

The anticipated oil surplus by 2027 could lead to sustained lower prices, impacting global energy markets and economic strategies. The post Oil prices fall to pre-conflict levels, surplus expected by 2027: OilPrice.com appeared first on Crypto Briefing.

The revocation heightens geopolitical tensions, impacting global oil markets and potentially increasing compliance costs for crypto exchanges. The post US revokes Iran oil sale authorization after tanker attacks, sending crude prices surging appeared first on Crypto Briefing.

Exxon's profit surge amid geopolitical tensions highlights the vulnerability of global oil markets to conflict-driven supply disruptions. The post Exxon profit surges $4B amid Middle East conflict-driven oil rally appeared first on Crypto Briefing.