Oil Surges 4% as Iran Attacks US Troops, Drones Hit Saudi Facilities
WTI crude shot to $82.54 on Tuesday, up more than 4% in a single session, after Iranian forces launched a surprise missile strike on US troops stationed in the Middle East and Iran-backed militias hit Saudi Arabia's Eastern Region oil facilities with drone attacks for the second consecutive day. Brent cleared $87.76, up 4.4%. This is the clearest geopolitical risk-on move the energy market has priced in weeks. Key Takeaways WTI crude surged to $82.54, up more than 4%, after Iran attacked US troops and Saudi Eastern Region oil facilities on July 29, 2026. Brent crude hit $87.76, up 4.4%, as Iran also formally rejected Oman's proposal for shared control of the Strait of Hormuz. US crude invent…
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