Archive · 18 Aug 2026

Brent Crude Surges Past $90 as Hormuz Disruption Deepens

Brent Crude Surges Past $90 as Hormuz Disruption Deepens

Oil is a very important fuel that many countries need.

When people worry that oil might become hard to get, the price goes up.

On Tuesday, the price of a type of oil called Brent crude went above $90 for one barrel.

Another type of oil, called WTI, also went up in price.

This happened because there is a conflict in the Middle East.

Iran said it might act more aggressively in the military.

The United States said it would not extend a temporary ceasefire.

The Strait of Hormuz is a very important waterway where many oil ships travel.

People are worried that fighting could stop those ships.

If ships cannot pass, there might not be enough oil for everyone.

That is why oil prices are going up.

Sources