Brent crude price over $92 a barrel, highest price since June as war escalates

US-Iran war: Brent crude was trading up 1.2 percent at $92.09 a barrel at around 0130 GMT, its highest intraday price since June 11.

Published on: Jul 22, 2026, 08:21:08 IST

AFP

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Oil rose in Asian trade Wednesday, with Brent crude hitting its highest price in more than a month, as Iran targeted US radar and air defence installations in the Gulf.

Brent crude was trading up 1.2 percent at $92.09 a barrel at around 0130 GMT, its highest intraday price since June 11.

Also Read: Gas Prices Will Stay Higher for Longer, Even if Oil Falls

West Texas Intermediate (WTI), the main US oil benchmark, climbed 1.1 percent to $85.23.

Iran stepped up its attacks in the Middle East on Tuesday, after its war with the United States resumed.

The country said it had attacked and stopped two "non-compliant oil tankers" attempting to transit the Hormuz strait.

Tehran has attempted to blockade the strait -- through which a fifth of the world's oil supplies transited before the war -- as leverage since the US-Israeli attack that kickstarted the war in February.

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