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Global MarketsJuly 13, 2026 at 04:39 PM

Oil Prices Surge as U.S.-Iran Tensions Test Market Stability

724FinanceKaptan Rıza Deniz

Oil Prices Surge as U.S.-Iran Tensions Test Market Stability

Oil prices surged this week as U.S. threats against Iran escalated, with Brent and WTI rising over 5%. Global supply chains were shaken as the Baltic Dry Index (BDI) hit its lowest in 10 days, and Suez Canal traffic dipped by 15%.

Kaptan Rıza Deniz notes the ripple effects: commodity prices are now converging with inflation pressures, creating a volatile mix for global traders. The U.S.-Iran standoff could extend beyond energy markets, with potential reverberations in shipping and shipping.