Event details
AP reported Brent slipped to about USD 77.94 at 9:35 a.m. New York time after Wednesday's jump, even as the U.S. launched new Iran strikes and Hormuz supply risk stayed active. Gasoline averaged USD 3.85, up five cents overnight.
Context
The market signal has shifted from panic spike to stubborn risk premium: if tanker traffic holds, prices may cap the shock, but each Gulf alert now has a direct inflation watchpoint.
- Local time
- 9:35 AM New York time, Jul 9, 2026
- Location
- New York energy markets
- Relationship
- Update