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At close · Wed, Jul 22, 2026
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Home›Commodities›Energy›Brent oil rises over 2% above $92 amid fading ceasefir…

Brent oil rises over 2% above $92 amid fading ceasefire hopes

Brent climbed more than 2% as expectations for a ceasefire in the Middle East weakened.

Reported · Written up by our desk · Energy

CNBC Markets reports that Brent crude jumped about 2% and held above $92.

The move came as hopes for a ceasefire in the Middle East faded, with Rubio saying Iran was not serious about peace talks.

CNBC World reported the same development, attributing the oil strength to the shift in ceasefire expectations.

Latest closeWTI crude $87.52 ▲3.1%|Brent $94.43 ▲3.8%

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Sources

CNBC MarketsBrent oil jumps 2% to hold above $92 as Rubio says Iran 'not serious' about peace talks
CNBC WorldBrent oil jumps 2% to hold above $92 as Rubio says Iran 'not serious' about peace talks

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