Oil prices, particularly Brent crude, experienced significant…
Oil prices, particularly Brent crude, experienced significant volatility in late July 2026, with prices rising above $90 per barrel amid geopolitical tensions involving Iran, the U.S., and Israel, and reports of military actions and potential blockades. The surge was driven by fears of disrupted oil supply from the Persian Gulf region.
Consensus
- Prices for Brent crude oil rose significantly in late July 2026.
- Brent crude futures traded above $85 per barrel during the period.
- Prices on the ICE Futures exchange in London were affected by geopolitical developments.
- U.S. and Israeli officials discussed potential measures to increase economic pressure on Iran.
- The price of Brent crude exceeded $90 per barrel at some point during the period.
- WTI crude oil prices also increased during the same timeframe.
Points of divergence
- The Telegraph reported that the U.S. and Israel discussed a possible land blockade of Iran, involving pressure on regional neighbors to tighten border controls. — vedomosti
- President Trump threatened a strong response to an Iranian attack on a U.S. base in Jordan, and Iran reportedly launched ballistic missiles at CENTCOM in Jordan. — interfax
- The U.S. and Saudi Arabia conducted strikes against Iran-linked groups in Iraq after a four-day ceasefire, following an Iranian strike on a U.S. base in Jordan. — kommersant
- Oil prices dropped sharply due to reports of the suspension of U.S. strikes on Iran. — vesti
- Brent crude surpassed $100 per barrel on 23 July 2026 due to Houthi attacks on Saudi oil tankers in the Red Sea. — meduza
- Brent crude exceeded $99 per barrel for the first time since 27 May 2026. — tg_tass_agency
- Brent crude surpassed $97 per barrel for the first time since 8 June. — tg_rian_ru
- Brent crude fell to $72.40 per barrel, below pre-war levels, due to the release of accumulated oil from the Persian Gulf and increased shipping through the Strait of Hormuz. — thebell
Coverage (20 sources)
- Brent price approached $89 per barrel — Ведомости
- Brent rose by 7.65% to $90.52 per barrel — Интерфакс
- Нефть Brent подорожала до $90 — Ведомости
- Brent oil prices rise to $87 per barrel — Коммерсантъ
- Brent oil rises to $87 per barrel after sharp drop yesterday — Интерфакс
- Brent oil price drops below $87 per barrel — Вести
- Brent prices remain in the negative and trade at $90.61 per barrel — Интерфакс
- Brent oil fell below $98 per barrel — Ведомости
- Brent crude oil prices drop to $97.4 per barrel — Интерфакс
- Brent crude drops to $97.91 per barrel — Интерфакс
- Brent oil price holds above $100 per barrel — Интерфакс
- Brent oil price exceeds $100 per barrel for the first time since late May — Интерфакс
- Brent oil price exceeds $100 per barrel for the first time since May — Ведомости
- Brent crude oil first exceeds $100 per barrel since May — Коммерсантъ
- Brent oil price exceeds $100 per barrel for the first time since late May — Meduza
- Brent crude oil price rises above $100 per barrel for the first time since May 22 — Вести
- 💲 Brent crude oil price on London's ICE exchange exceeded $99 per barrel for the first time since May 27, 2026 — ТАСС (Telegram)
- Brent price rose almost to $100 per barrel — Ведомости
- Brent oil price exceeded $99 per barrel for the first time since late May — Коммерсантъ
- Brent oil price exceeded $99 per barrel — Вести
Key entities
- Moscow
- ICE
- ICE Futures
- INTERFAX.RU
- USA
- Middle East
- Iran
- Brent
- NYMEX
- Ormuz Strait
- Ministry of Energy
- Saudi Arabia
- Donald Trump
- Guzel Protsenko
- Alexander Fedorov