COMMODITY
Crude oil futures settle higher on Monday
Jun-30-2026

Crude oil futures settled higher on Monday amid rising geopolitical tensions and fears of supply disruptions increased after vessel traffic through the Strait of Hormuz declined due to security concerns following the recent U.S.-Iran attacks over the weekend.

Benchmark crude oil futures for August delivery surged by $1.52 or 2.20% to settle at $70.75 a barrel on the New York Mercantile Exchange. Brent crude for August delivery increased by $1.16 or 1.61% to settle at $73.15 a barrel on the New York Mercantile Exchange. 


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