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US Iran Oil Prices - US-Iran Crisis Escalates: Oil Prices Skyrocket as Brent Hits $112 Threatening Global Economy 26-10-2026

Summary by Polyestertime
Rising military tensions between the US and Iran have pushed Brent crude past $112/bbl and WTI over $103/bbl, driving fears of supply disruption and global inflation.

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Future oil contracts closed this Wednesday (28) at high altitude and interrupted a sequence of two consecutive relief sessions, while fears of a new escalation in the conflict between the United States, Iran and Israel overshadowed the signs of diplomatic efforts seen in recent days. Brent oil for delivery in December closed at 1.26% high, quoted at US$115.32 per barrel at ICE. In Nymex, WTI oil for the same month rose 2.88%, quoted at US$102.78…

·Rio de Janeiro, Brazil
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Center

The price of oil has reached an unprecedented high since the beginning of the Middle East conflict. Nicolas Doze analyses this outbreak, fuelled by tensions between the United States and Iran as well as attacks by the Houthis rebels in Yemen. (Economy).

(Teleborsa) - The price of energy rises as fears of a resumption of US attacks on Iran increase. The Brent with expiration December earns 1.25% to 115.30 dollars per barrel, the Wti 2.68% to 102.58...

Brent crude oil prices rose above US$115 per barrel, while West Texas Intermediate (WTI) moved around US$101 per barrel.

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The Brent has returned from the tres d' gitos, even with Ormuz flowing and the recovery of exports to the near future of the war. Julius Baer says that it is mainly due to the increase of the sea transport and the "herd effect" motivated by the fear of scarcity. But he considers that short-lived tourism lasts and that the market will not be able to sustain these prices indefinitely without a real physical break in the supply – something that is …

·Porto, Portugal
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Goodreturns broke the news on Monday, October 26, 2026.
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