LONDON, (Pakistan Point News - 29th Jun, 2026) Oil prices opened the week higher on Monday, with both Brent crude and US West Texas Intermediate (WTI) posting gains.
Brent crude futures rose 50 cents, or 0.69 percent, to $72.49 a barrel by 2204 GMT, while US WTI crude futures gained 73 cents, or 1.05 percent, to $69.96 a barrel.
Oil prices were supported by renewed concerns over supply disruptions following fresh military exchanges between the United States and Iran, which heightened uncertainty over shipping through the Strait of Hormuz.
