EconomicsJuly 21, 2026 at 07:10 PM·4 hours ago·1 min read
Brent Rises Above $91 Amid New Attacks from the US and Iran
Oil prices increased by more than 2% following the latest escalation of the conflict in the Middle East.
Brent futures rose to $91.11 per barrel. The market reacted to new US strikes on Iran, Tehran's retaliatory attacks, and reports of damage to a tanker in the Strait of Hormuz.
Additional pressure comes from threats by the Houthis to restrict vessel movement near Saudi Arabia. Brent is less than 10% away from the $100 mark, so further escalation could quickly bring the market closer to that level.
This news relates to the question, "Will Brent futures reach $100 by the end of 2026?"
