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HomeBusinessCrude oil surges past $108 as Gulf disruption fears outweigh diplomatic signals

Crude oil surges past $108 as Gulf disruption fears outweigh diplomatic signals

Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. — ReutersOil rises on continued Mideast supply disruption fears. Brent up 2. 75% at $108. 23; WTI up 2. 09% at $96. 37. Shipping through Strait of Hormuz remains constrained. Oil prices. ..

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