Archive · 20 Jul 2026
Brent Crude Surges Past $90 Amid US-Iran Tensions
Brent crude oil prices went up to more than $90 a barrel because of increasing tensions between the US and Iran.
The US has been attacking Iranian military sites, which has made people worried about oil supplies.
This has caused oil prices to rise.
The US and Iran are also fighting in other places like Yemen, which could make it harder for oil tankers to move through important waterways.
The US has been releasing oil from its reserves to help, but this might stop soon, making the situation more uncertain.
Brent crude oil futures traded above $90 a barrel due to US-Iran hostilities.
US Central Command conducted nine consecutive nights of strikes against Iran.
Oil tanker traffic in the Strait of Hormuz has significantly decreased.
Iran may instruct Houthis to close the Bab el-Mandeb Strait if the US attacks Iranian infrastructure.
US strategic petroleum reserve releases are set to cease by the end of the month.
- Who
- US and Iran
- What
- Escalating hostilities and oil price surge
- When
- Monday morning
- Where
- Global oil markets, Persian Gulf, Strait of Hormuz, Bab el-Mandeb Strait
- Why
- Increased tensions and potential disruptions to oil supplies
Market Analysts
Government Officials
Impact of Escalation
Market Analysts
Wide-scale attacks in the Persian Gulf could significantly disrupt oil supplies and increase prices.
Government Officials
Strategic petroleum reserve releases and potential exchanges could mitigate market vulnerabilities.
- Brent Crude Price
- $90.33 per barrel
- WTI Crude Price
- $83.63 per barrel
- MCX July Crude Futures
- ₹8142
- MCX August Crude Futures
- ₹8103
- US Central Command Strikes
- 9 consecutive evenings of strikes against Iran
- Strait of Hormuz Traffic
- Only two outbound oil tankers transited
- Bab el-Mandeb Strait
- Potential closure could disrupt Saudi oil exports to Asia
- SPR Releases
- Set to cease around the end of the month