Brent $115 on 22 Sep, up 59% in three months as US-Iran strikes disrupt Hormuz shipping
2 items, from 25 Sep 2026 to 6 Oct 2026, oldest first.
Policy · Market move ·
Brent $115 on 22 Sep, up 59% in three months as US-Iran strikes disrupt Hormuz shipping
Brent crude rose from about $72 in June to $115 on 22 Sep, after US-Iran strikes around the Strait of Hormuz and attacks on Saudi export routes. Prices eased on 25 Sep on reports that US and Iranian negotiators are exploring a phased reopening of the strait.
Why it matters. Oil prices this fast have preceded several past recessions, because they push up inflation just as growth slows and stop central banks from cutting rates.
Next. Whether US-Iran talks reopen the Strait of Hormuz in the coming days.
Brent falls to about $97 on 6 Oct, below $100 for the first time in weeks, as Gulf exports rise and G7 releases stocks
Brent crude fell about 2.9% to roughly $97.4 a barrel on 6 Oct, after settling near $100.3 the day before, as more oil moved through the Strait of Hormuz and Saudi Arabia's East-West pipeline and G7 countries announced stock releases. Dated Brent was $114 on 29 Sep.
Why it matters. Oil's surge since the summer has been pushing up inflation and making central banks less able to cut rates if the economy turns down. A fall back below $100 a barrel loosens that bind, if it lasts.
Next. Whether prices hold below $100 through October as Gulf shipments recover; euro-area inflation for October, due at the end of the month.