---
title: "Oil prices surge to $76.48/barrel, up 3%, due to rising U.S.-Iran tensions. Polymarket predicts Hormuz fees to reach 76% by Dec 31."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292039465.md"
description: "Oil prices saw a sharp increase as Brent surged by more than 3% to reach $76.48 per barrel at 06:30 GMT. This rise was attributed to escalating tensions between the United States and Iran, as well as recent attacks on commercial ships in the Strait of Hormuz."
datetime: "2026-07-08T08:36:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292039465.md)
  - [en](https://longbridge.com/en/news/292039465.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292039465.md)
generator: "portal-rs"
---

# Oil prices surge to $76.48/barrel, up 3%, due to rising U.S.-Iran tensions. Polymarket predicts Hormuz fees to reach 76% by Dec 31.

Oil prices saw a sharp increase as Brent surged by more than 3% to reach $76.48 per barrel at 06:30 GMT. This rise was attributed to escalating tensions between the United States and Iran, as well as recent attacks on commercial ships in the Strait of Hormuz.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**