Brent Crude Hits $85.53 per Barrel

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09:07; 15 July 2026 year
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### Oil Prices Surge Amid U.S.-Iran Tensions The cost of oil continues to rise on the morning of July 15 amid heightened tensions between the United States and Iran, according to data from the London-based ICE Futures Exchange. September futures for Brent crude were trading at $85.53 per barrel, up 0.94% from the previous close. The previous day, Brent prices had risen by 1.7%, reaching $84.73 per barrel. Meanwhile, August futures for WTI crude on the New York Mercantile Exchange (NYMEX) were up 0.66%, trading at $79.86 per barrel. The previous day, WTI prices had increased by 1.5%, closing at $79.34 per barrel.