{"id":41105,"date":"2026-07-30T12:48:50","date_gmt":"2026-07-30T10:48:50","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=41105"},"modified":"2026-07-30T12:48:50","modified_gmt":"2026-07-30T10:48:50","slug":"oil-rises-for-second-straight-day-as-us-resumes-attacks-on-iran","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/oil-rises-for-second-straight-day-as-us-resumes-attacks-on-iran\/","title":{"rendered":"Oil rises for second straight day as US resumes attacks on Iran"},"content":{"rendered":"<div dir=\"auto\">Oil prices rose for a second day \u200con Thursday as renewed attacks between the United States and Iran disrupted oil flows through key shipping routes.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Brent futures rose $1.06, or 1.17%, to $91.80 a barrel after touching a low of $89.02 in the session.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">United States (US) West Texas Intermediate (WTI) crude gained 39 cents, or 0.46%, to $84.85 \u200ba barrel after hitting a session low of $83.21.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Geopolitical tensions continued to simmer after the US military said it \u200bhad hit dozens of Revolutionary Guard Corps targets in Iran, including military command centres and \u2060drone facilities, in a two-hour operation launched after Tehran fired ballistic missiles at US forces in the Middle East.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8220;Until safe passage through the Strait of \u200bHormuz is no longer a gamble, the risk premium in oil is not going anywhere, hope for diplomacy is welcome, but the market is pricing the reality of ongoing strikes,&#8221; said Tim Waterer, Chief Market analyst at KCM Trade.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The Strait of Hormuz, which normally handles around a fifth \u200bof global oil and gas flows, has remained a focal point for oil markets since the conflict began on February \u200b28.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":15962,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-41105","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Oil prices rose for a second day \u200con Thursday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41105\/revisions"}],"predecessor-version":[{"id":41106,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41105\/revisions\/41106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/15962"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=41105"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=41105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}