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Thursday, 23 July 2026
Economy

Brent Crude Oil Surges Near $100 on Tanker Attacks and US-Iran Tensions

The sharp increase marks the highest price level since late May, driven by geopolitical tensions in the Middle East.

Talivio News · Global 1 min read
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Aerial view of an oil tanker sailing in the ocean. DeLuca G

Brent crude oil prices surged to near $100 per barrel, according to reports. The price increased by about 5%, reaching its highest level since late May. West Texas Intermediate (WTI) crude oil also rose.

The surge is attributed to tanker attacks and escalating US-Iran tensions, as well as fresh Middle East attacks.

Soren Falk

Economics Correspondent · Talivio News

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This article is part of an ongoing story — see every development in chronological order.

Sources

  1. aa.com.tr — Brent crude jumps about 5% to near $100 over tanker attacks, US-Iran tensions (opens in a new window)
  2. channelnewsasia.com — Oil soars close to US$100 on fresh Middle East attacks (opens in a new window)
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