The post WTI rebounds above $79.00 as Middle East war disrupts global energy flows appeared on BitcoinEthereumNews.com.

West Texas Intermediate (WTI) Oil price holds gains after recovering daily losses, trading around $78.80 during the Asian hours on Friday. However, Crude Oil prices faced challenges after the US President Donald Trump administration signaled it is weighing several options to address the recent price surge caused by supply disruptions linked to the US-Israeli war with Iran. Bloomberg reported on Friday that US Interior Secretary Doug Burgum said the administration is reviewing multiple measures before announcing plans to provide insurance guarantees and naval escorts to ensure safe passage for Oil tankers and other vessels through the Strait of Hormuz. Potential measures include releasing crude from US emergency reserves, granting waivers on fuel-blending requirements, and the US Treasury trading oil futures. WTI price is on the path of gaining over 17.5% this week as the Middle East conflict disrupted global energy flows by effectively halting shipments through the Strait of Hormuz. US President Donald Trump said he should have a role in selecting Iran’s next leader. The Iran war entered its seventh day, with Iran launching missiles and drones across the Gulf on Thursday, striking an oil refinery in Bahrain, while Israel continued airstrikes on Tehran, and the US suspended operations at its embassy in Kuwait. US President Donald Trump said that Iranian officials reached out to him in an attempt to reach an agreement to end the war, but he insisted it was too late and that the US is pushing to destroy Iran. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high…

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Filed under: News - @ March 6, 2026 7:26 am