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WTI Crude Oil Hits $115 as Strikes Target Iran's Kharg Island
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Short Term
Article Context
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WTI crude surged to $115.8 per barrel—its highest level since April 2008—as President Donald Trump warned that “a whole civilization will die tonight,” while strikes were reported on Iran’s Kharg Island, the hub for roughly 90% of the country’s oil exports. The US President added that tonight will be “one of the most important moments in the long and complex history of the World,” as President Trump’s deadline quickly approaches. Brent crude climbed to $111.0, with the strike keeping both benchmarks…
Original article published by
OilPrice.com
on April 7, 2026.
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