EnergyNotableConfirmedDeveloping
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Brent crude oil reaches $92 per barrel, highest level since June 2026
Vedomosti·3 days ago
WTI crude prices retreated after breaching $92 per barrel on Thursday, as market participants recalibrated risk premiums associated with Middle East conflict escalation. The decline marks a reversal of the recent bullish trend, though volatility remains elevated due to ongoing regional instability.
The US-Iran conflict is escalating, characterized by simultaneous US military strikes against Iranian maritime capabilities and ongoing diplomatic negotiations. Iran has threatened to target regional energy infrastructure and block oil exports if US strikes escalate to domestic Iranian infrastructure. Concurrently, Ukraine continues long-range drone strikes against Russian energy, logistics, and defense industrial base targets.