India, July 17 -- Brent crude oil prices moved close to the $86-per-barrel mark on July 17, while WTI crude traded above $80.5, as escalating US-Iran tensions and concerns over potential disruptions in the Strait of Hormuz and the Red Sea supported gains in global energy markets. Traders are closely watching geopolitical developments and shipping risks that could affect crude supply flows in the coming weeks.

Brent Crude Oil Price Today

According to Reuters, Brent crude futures rose to around $85.76 per barrel, while US West Texas Intermediate (WTI) crude climbed to about $80.64. The rally reflects growing concerns that worsening geopolitical tensions could disrupt oil transportation routes and tighten global supply conditions.

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