Oil prices extend gain for fourth day, stay beyond $85 amid Middle East chaos
Source: Times of India
Category: Technology
Region: USA
Published: July 16, 2026 at 01:45
π Summary
Crude oil prices climbed for a fourth day, exceeding eighty-five dollars per barrel. Investors reacted to escalating United States and Iran conflict and shipping route security. United States strikes on Iran's missile sites and coastal defense positions occurred. This intensified worries over oil moving through the Strait of Hormuz. Analysts suggest prices could rise further depending on conflict developments.