Brent Crude Settles at $76.01/bbl, Up 5.5% Weekly Amid Geopolitical Tensions

GulfToday.ae, Discovery Alert, HDFCSky, Trading Economics · Jul 11, 2026 00:00

Brent crude settled at $76.01 per barrel on July 11, experiencing a 5.5% weekly gain despite a daily dip, as renewed US-Iran hostilities and Strait of Hormuz disruptions kept a risk premium in oil prices. It briefly surged past $80 earlier in the week.