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At close · Mon, Jul 13, 2026
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Home›Commodities›Energy›Oil rises above $85 a barrel as Gulf conflict escalates

Oil rises above $85 a barrel as Gulf conflict escalates

Brent crude, the international benchmark, climbed above $85 per barrel for the first time in a month amid heightened Gulf tensions.

Reported · Written up by our desk · Energy

Oil prices rose, with Brent crude breaching $85 per barrel for the first time in a month, as fighting in the Gulf escalated, according to NYT Business.

The move underscores how developments in the region are continuing to influence expectations for global supply and shipping in the oil market.

Latest closeWTI crude $78.04 ▲9.3%|Brent $83.15 ▲9.4%

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Sources

NYT BusinessOil Rises Above $85 a Barrel as Gulf Clash Escalates

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