Brent Crude Surges Above $88 Amid US-Iran Conflict Escalation

Vanguard News, Investing.com, Angel One · Jul 19, 2026 00:00

Brent crude oil climbed to $88.10 per barrel on July 17, 2026, and finished near $88 on July 19, driven by escalating US-Iran tensions and concerns over supply disruptions through the Strait of Hormuz and Red Sea. This marks a 4.59% increase on July 17 and a 16% rise for the week, reflecting a significant risk premium in the market.