{"id":142956,"date":"2026-07-08T10:02:38","date_gmt":"2026-07-08T04:32:38","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=142956"},"modified":"2026-07-08T10:02:39","modified_gmt":"2026-07-08T04:32:39","slug":"crude-oil-price-today-us-strikes-iran-brent","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/","title":{"rendered":"Crude Oil Price Today, 8 July 2026: Brent Climbs 1.9% to $75.54 as US Strikes on Iran Stoke Supply Fears"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Crude oil price today: Brent up 1.9% at $75.54, WTI up 1.9% at $71.81 after US airstrikes on Iran and fresh sanctions. MCX crude near Rs 6,885, up 2.7%. Hormuz supply risk in focus.<\/em><\/p>\n<p>Crude oil price today climbed nearly 2 percent on Wednesday, 8 July 2026, after the US military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears that the fragile truce between the two sides is unravelling and that Middle East supplies could be disrupted again.<\/p>\n<p>Brent crude futures gained $1.38, or 1.9 percent, to $75.54 a barrel, while US West Texas Intermediate crude climbed $1.37, or 1.9 percent, to $71.81 a barrel at 0128 GMT. On the MCX, crude oil July futures jumped about 2.7 percent to around Rs 6,885 per barrel.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=crude-oil-price-us-iran-strikes\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/#Why_Is_the_Crude_Oil_Price_Today_Rising\" title=\"Why Is the Crude Oil Price Today Rising\">Why Is the Crude Oil Price Today Rising<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/#Crude_Oil_Price_Today_Market_Snapshot\" title=\"Crude Oil Price Today: Market Snapshot\">Crude Oil Price Today: Market Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/#What_Higher_Oil_Prices_Mean_for_Indian_Markets\" title=\"What Higher Oil Prices Mean for Indian Markets\">What Higher Oil Prices Mean for Indian Markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions FAQs\">Frequently Asked Questions FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/#What_is_the_crude_oil_price_today_8_July_2026\" title=\"What is the crude oil price today, 8 July 2026?\">What is the crude oil price today, 8 July 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/#Why_are_oil_prices_rising_today\" title=\"Why are oil prices rising today?\">Why are oil prices rising today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/#Why_did_the_US_strike_Iran\" title=\"Why did the US strike Iran?\">Why did the US strike Iran?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/#Why_is_the_Strait_of_Hormuz_important_for_oil_markets\" title=\"Why is the Strait of Hormuz important for oil markets?\">Why is the Strait of Hormuz important for oil markets?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/#What_is_the_MCX_crude_oil_price_today\" title=\"What is the MCX crude oil price today?\">What is the MCX crude oil price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-us-strikes-iran-brent\/#How_do_higher_crude_prices_affect_Indian_stocks\" title=\"How do higher crude prices affect Indian stocks?\">How do higher crude prices affect Indian stocks?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_the_Crude_Oil_Price_Today_Rising\"><\/span><strong>Why Is the Crude Oil Price Today Rising<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The US airstrikes were in response to Iranian attacks on three commercial vessels transiting the Strait of Hormuz, US Central Command said on Tuesday. The strait is a key waterway for the transport of Middle Eastern oil shipments to wider markets, and any threat to traffic through it carries an immediate supply risk premium.<\/p>\n<p>The reimposition of sanctions on Iranian crude sales adds a second layer of supply tightness, since it can pull Iranian barrels out of the export market at a time when demand remains steady.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/sebi-registered-investment-advisor-india\"><strong>Assess the Oil Impact on Your Portfolio with a SEBI Registered Investment Advisor<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crude_Oil_Price_Today_Market_Snapshot\"><\/span><strong>Crude Oil Price Today: Market Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particulars<\/th>\n<th>Level \/ Move<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Brent Crude Futures<\/td>\n<td>$75.54 a barrel, up $1.38 or 1.9 percent<\/td>\n<\/tr>\n<tr>\n<td>WTI Crude Futures<\/td>\n<td>$71.81 a barrel, up $1.37 or 1.9 percent<\/td>\n<\/tr>\n<tr>\n<td>MCX Crude Oil July Futures<\/td>\n<td>Around Rs 6,885 per barrel, up about 2.7 percent<\/td>\n<\/tr>\n<tr>\n<td>Trigger<\/td>\n<td>US airstrikes on Iran and reimposed crude sales sanctions<\/td>\n<\/tr>\n<tr>\n<td>Key Risk<\/td>\n<td>Disruption to shipments through the Strait of Hormuz<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"What_Higher_Oil_Prices_Mean_for_Indian_Markets\"><\/span><strong>What Higher Oil Prices Mean for Indian Markets<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>India imports over 85 percent of its crude requirement, so a sustained rise in oil prices pressures the rupee, widens the trade deficit and squeezes margins for oil marketing companies, paints, aviation and tyres. The <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> opened about half a percent lower on Wednesday as the oil spike and firm dollar dented risk appetite. Upstream producers and gas companies, on the other hand, tend to benefit from higher realisations.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track live crude oil prices and get daily commodity and market research.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Crude oil price today rose nearly 2 percent, with Brent at $75.54 and WTI at $71.81, after US strikes on Iran and fresh sanctions revived Middle East supply fears. The Strait of Hormuz remains the key risk to watch. Indian investors should track the rupee and oil sensitive sectors, and consult a SEBI registered advisor before repositioning portfolios.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span><strong>Frequently Asked Questions FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_crude_oil_price_today_8_July_2026\"><\/span><strong>What is the crude oil price today, 8 July 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Brent crude futures rose $1.38, or 1.9 percent, to $75.54 a barrel, while WTI crude climbed $1.37, or 1.9 percent, to $71.81 a barrel at 0128 GMT on 8 July 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_are_oil_prices_rising_today\"><\/span><strong>Why are oil prices rising today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The US military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears that the fragile truce is unravelling and Middle East supplies could be disrupted.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_US_strike_Iran\"><\/span><strong>Why did the US strike Iran?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> According to US Central Command, the airstrikes were in response to Iranian attacks on three commercial vessels transiting the Strait of Hormuz on Tuesday.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_the_Strait_of_Hormuz_important_for_oil_markets\"><\/span><strong>Why is the Strait of Hormuz important for oil markets?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Strait of Hormuz is a key waterway through which a large share of Middle Eastern oil shipments passes to global markets, so any threat to traffic adds a supply risk premium to prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_MCX_crude_oil_price_today\"><\/span><strong>What is the MCX crude oil price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> MCX crude oil July futures were trading around Rs 6,885 per barrel on the morning of 8 July 2026, up about 2.7 percent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_higher_crude_prices_affect_Indian_stocks\"><\/span><strong>How do higher crude prices affect Indian stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Higher crude pressures the rupee and hurts oil marketing companies, aviation, paints and tyres, while upstream oil producers can benefit. Investors should consult a SEBI registered investment advisor before acting on oil moves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil price today climbed nearly 2%, with Brent at $75.54 and WTI at $71.81, after US airstrikes on Iran and fresh sanctions stoked fears of Middle East supply risks.<\/p>\n","protected":false},"author":35,"featured_media":143031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3802],"class_list":["post-142956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1783485229:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["80"],"rank_math_title":["Crude Oil Price Today: Brent Jumps to $75.54 on Iran Strikes"],"rank_math_description":["Crude oil price today 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