Brent Crude
The price of Russian ESPO rose above $120 due to demand from Chinese refineries and disruptions in the Middle East. The premium over Brent reached $20–30.
Brent rose to $108. 75 after disruptions at the Saudi hub of Yanbu. Repairs to the pipeline could take up to 8 weeks.
Brent and WTI are trading above $100 per barrel and could end the week at this level for the first time since May. The reason is attacks on routes\r\nand energy facilities.
WTI surpassed $102, while Brent reached $107 per barrel amid attacks by the United States and Iran and the Houthis’ advance toward the Bab el-Mandeb Strait.
Brent rose to $99. 39 after the US destroyed five Iranian tankers. The market fears disruptions in the Strait of Hormuz.
The U. S. Treasury Secretary expects oil prices to fall to $40–50 per barrel after the end of the war with Iran due to an oversupply.
Brent rose by 6. 1% over the week, while WTI gained 8.3%. In the United States, diesel reached a record price due to supply disruptions.
Brent rose to $95. 40, while WTI rose to $90.66 after new U.S. and Iranian strikes. Tehran announced restrictions on traffic through the Strait of Hormuz.
Brent rose to $92. 14, while WTI rose to $87.92 per barrel. Markets reacted to the resumption of hostilities between the United States and Iran.
Brent and WTI rose by more than 2% after U. S. and Iranian strikes. Tanker traffic through the Strait of Hormuz declined due to the attacks.
Brent prices rose 1. 6% after the U.S. strike on Iranian missile installations. Markets are anticipating a possible Federal Reserve rate hike.
Brent and WTI fell by 0. 5% amid negotiations concerning the Strait of Hormuz. U.S. distillate inventories fell to a seasonal low.
WTI fell to $81. 01, while Brent fell to $88.58 per barrel. Markets expect shipping through the Strait of Hormuz to resume.
Brent fell to $89. 10, while WTI fell to $82.08 per barrel. Traders see economic pressure as less of a threat to supplies than escalation.
The price of Brent crude rose by 0. 5% amid new Israeli strikes on Lebanon and the possible tightening of US sanctions against Iran. Traders are assessing the risks ahead of the end of the ceasefire between the US and Iran.
Oil prices rose due to strikes on vessels in the Middle East and the lack of talks between Iran and the United States. U.S. oil inventories increased by 9.1 million barrels, which could ease concerns about a shortage.
The U. S. Energy Information Administration raised its forecast for Brent prices to $87 per barrel for 2026 due to restrictions on transit through the Strait of Hormuz. Retail gasoline prices are projected to rise to $3.78 per gallon, contrasting with Trump's statement that the strait is open.
Due to the war in the Middle East, damage to refineries in the Persian Gulf and strikes on Russian refineries, Europe risks experiencing a diesel shortage. Fuel prices have already risen by nearly 40%, while stockpiles have fallen by 30%.
Oil prices rose after Iran's attacks in the Strait of Hormuz. Iran plans to restrict the passage of American vessels through the strategic waterway.
China's Sinopec has increased its purchases of Russian ESPO crude oil to offset reduced supplies from the Middle East due to the war against Iran. The company purchased 30–40 cargoes of oil for delivery from July through September.
Discounts on Russian Urals oil for India have narrowed to $1–2 per barrel due to increased demand from Indian refineries amid supply disruptions from the Middle East. Earlier in July, Russian oil was sold in India at a discount of over $10 per barrel.
Brent oil prices rose by 1. 7% to $84.73, and WTI by 1.5% to $79.34 due to the US reinstating a naval blockade of Iran.
Global oil prices rose by more than 9% due to US plans to reinstate a naval blockade of Iran. Analysts link this to fears of supply disruptions through the Strait of Hormuz.
Iran launched a new wave of missile and drone attacks on American bases after US strikes on central and southern Iran. Oil prices rose by more than 3%.
Global oil prices are heading for their biggest weekly drop after shipping through the Strait of Hormuz resumed. WTI crude fell to $75 per barrel, losing more than 9% over the week.
Brent crude prices fell below $80 due to a peace agreement between the US and Iran. The restoration of traffic through the Strait of Hormuz has stabilized global supplies.
The US-Iran deal could crash oil prices to $50 per barrel. Systemic strikes on Russian refineries are deepening the fuel deficit in the aggressor country.
Oil prices dropped due to a peace agreement between the U. S. and Iran to unblock the Strait of Hormuz. However, a full restoration of supplies could take months.
Brent and WTI prices dropped by 3. 6% after the US canceled airstrikes on Iran. Donald Trump halted the attack following the approval of points in a new deal.
Analysis by The Economist indicates a critical increase in the intensity of AFU attacks. The aggressor's revenues from energy exports have fallen by one third.