# West Texas Intermediate (WTI)

Type: commodity

Source: Supply Chain Intelligence Brief — https://getsupplybrief.com/entity/west-texas-intermediate-wti
Canonical HTML page: https://getsupplybrief.com/entity/west-texas-intermediate-wti

## Timeline

- **2026-07-08**: Iran attacks commercial vessels — Three commercial ships transiting the Strait of Hormuz are struck by Iranian forces, violating the ceasefire.
- **2026-07-08**: US launches retaliatory strikes — U.S. Central Command conducts strikes on Iran in response to the vessel attacks, citing unwarranted aggression.
- **2026-07-08**: Trump terminates peace deal — At a NATO summit in Ankara, President Trump calls off the interim deal, revokes sanction waivers, and harshly criticizes Iranian leadership.
- **2026-07-08**: Oil prices surge >5% — WTI jumps 5.8% to $74.50, Brent rises 5.65% to $78.35 as supply-disruption fears return with full force.
- **2026-06**: US and Iran sign MoU — An interim peace deal halts hostilities, opens the Strait of Hormuz toll-free for 60 days, and grants Iran a sanction waiver after first-round talks in Switzerland.
- **2026-03-09**: Monday Price Spike — Oil prices jump 20% in early trade amid fears of Strait of Hormuz closure.
- **2026-03-08**: Beirut Strikes — Israel expands campaign to Beirut; Mojtaba Khamenei named Iranian successor.
- **2026-03-06**: Friday Market Surge — WTI crude gains 12% as fears of a prolonged conflict take hold.
- **2026-03-02**: Conflict Escalation — Hostilities commence between U.S.-Israeli forces and Iranian assets.

## Recent coverage (4 stories)

### Strait of Hormuz Crisis: Oil Up 5% and Global Supply Chains Brace for Disruption
2026-07-12 12:46:17 · Sentiment: Bearish · Impact: 8/10 · Sources: 3

The renewed US-Iran conflict and the 5% oil price spike threaten global logistics networks reliant on the Strait of Hormuz. Supply chain managers must now contend with rising fuel costs, potential shipping delays, and higher insurance premiums, adding fresh layers of disruption to already strained procurement operations.
Full story: https://getsupplybrief.com/story/oil-supply-chain-disruption-hormuz-2026

### Brent Crude Jumps 5.7% as Hormuz Shipping Attacks End Ceasefire
2026-07-08 10:43:24 · Sentiment: Bearish · Impact: 8/10 · Sources: 4

The collapse of the US-Iran ceasefire and renewed strikes on commercial vessels in the Strait of Hormuz are sending oil prices sharply higher, with Brent crude up 5.7% to $78.41. For supply chain managers, this means escalating fuel costs, heightened war risk premiums on maritime insurance, and potential rerouting away from a chokepoint that handles 20% of global oil trade. The Treasury's withdrawal of Iran's oil sale waiver further tightens supply, amplifying procurement and logistics risks.
Full story: https://getsupplybrief.com/story/iran-ceasefire-supply-chain-hormuz-oil-spike

### WTI Jumps 3% After Iran Shuts Hormuz Strait, Threatening Global Logistics
2026-06-22 01:14:47 · Sentiment: Bearish · Impact: 7/10 · Sources: 2

WTI crude spiked 3% to near $79 on Monday after Iran again closed the Strait of Hormuz, a chokepoint for 20% of global oil trade. For supply chain and logistics managers, the renewed threat of military strikes raises the prospect of higher freight rates, longer lead times, and inventory scrambling.
Full story: https://getsupplybrief.com/story/oil-supply-chain-hormuz-crisis

### Oil Prices Surge 20% as U.S.-Iran Conflict Threatens Global Supply Chains
2026-03-09 02:05:54 · Sentiment: Bearish · Impact: 9/10 · Sources: 2

Global oil benchmarks WTI and Brent surged nearly 20% following an escalation in the U.S.-Israeli conflict with Iran and the naming of a hardline successor in Tehran. Logistics providers face immediate risks of fuel surcharges and shipping disruptions through the critical Strait of Hormuz chokepoint.
Full story: https://getsupplybrief.com/story/oil-prices-surge-us-iran-conflict-supply-chain-impact

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This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getsupplybrief.com/guides/methodology for the full editorial methodology.