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September WTI closed up 1.29% on Friday as supply threats from Strait of Hormuz and Red Sea disruptions lifted crude, while a stronger dollar weighed. Attacks on tankers near the Caspian Pipeline Consortium and Houthi threats also supported prices.
Crude strength through supply disruptions raises costs for fuel, freight and fertilizer, and supports vegetable oil and ethanol economics.
barchart.comRich AsplundJul 31, 2026After 626 past bullish geopolitics events, WTI moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, BRENT moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 134 past geopolitics events, DXY moved a median +0.3% over 5 sessions (62% higher; middle half -0.3% to +0.8%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
