Live Update
From the Liveblog of
Wednesday, July 22, 2026
Winds of war pump oil prices to highest levels in weeks
Oil prices are spiking, with Brent North Sea crude surpassing $95 for the first time in nearly six weeks, as hostilities between the United States and Iran roil energy markets worldwide.
Brent oil jumped 4.4 percent to $95.24 per barrel before falling back below $94, and US benchmark West Texas Intermediate rallied 4.5 percent to $88.16.
Both were the highest levels since June 11.
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