### [2026-07-23](/feed/2026/07/23/index.md)

##### Economic impact of the 2026 Iran war
# Oil prices, including Brent Crude and West Texas Intermediate, increase to over US$101 per barrel and to nearly $93 per barrel, respectively, after the escalation in the Red Sea. The United States gasoline national average increases to $4.09 per gallon. 




### Sources:

1. [NBC News](https://www.nbcnews.com/business/markets/oil-prices-rise-red-sea-attacks-houthis-saudi-trump-iran-war-rcna588851)

### Related:

1. [Oil prices, including Brent Crude and West Texas Intermediate, rise to over US$95 and $86 per barrel, respectively, and the United States average gasoline price rises to $4.06 per gallon, amidst the ongoing conflict. ](/feed/2026/07/22/oil-prices-including-brent-crude-and-west-texas-intermediate-rise-to-over-us-95-and-86-per-barrel-respectively-and.md) _Context: Brent Crude, Economic impact of the 2026 Iran war, US$, West Texas Intermediate, gallon, gasoline_
2. [Brent Crude oil surpasses US$90 per barrel as oil prices increase amidst the ongoing escalation, while West Texas Intermediate reaches $84.49. ](/feed/2026/07/20/brent-crude-oil-surpasses-us-90-per-barrel-as-oil-prices-increase-amidst-the-ongoing-escalation-while-west-texas-interm.md) _Context: Brent Crude, Economic impact of the 2026 Iran war, West Texas Intermediate_
3. [Brent Crude and West Texas Intermediate oil prices increase by at least 5% amidst the escalation in the Iran war, rising to US$78.01 and $73.86, respectively. ](/feed/2026/07/8/brent-crude-and-west-texas-intermediate-oil-prices-increase-by-at-least-5-amidst-the-escalation-in-the-iran-war-rising.md) _Context: Brent Crude, Economic impact of the 2026 Iran war, Oil prices, US$, West Texas Intermediate_
4. [Oil prices increase by nearly 8% on the announcement of the peace talks ending, with West Texas Intermediate rising to US$94.20 per barrel and Brent Crude to US$97.23 per barrel. ](/feed/2026/06/1/oil-prices-increase-by-nearly-8-on-the-announcement-of-the-peace-talks-ending-with-west-texas-intermediate-rising-to-u.md) _Context: Brent Crude, Economic impact of the 2026 Iran war, US$, West Texas Intermediate_
5. [Oil prices rise amid fears of a prolonged war and the draining of world oil reserves, including West Texas Intermediate to US$102.76 per barrel and Brent Crude to US$112.89 per barrel. ](/feed/2026/05/18/oil-prices-rise-amid-fears-of-a-prolonged-war-and-the-draining-of-world-oil-reserves-including-west-texas-intermediate.md) _Context: Brent Crude, Economic impact of the 2026 Iran war, US$, West Texas Intermediate_
6. [Oil prices, including Brent Crude and West Texas Intermediate, drop to less than US$90 per barrel, and the Dow Jones Industrial Average increases by over 1,000 points, following Iran's announcement of the reopening of the Strait of Hormuz. ](/feed/2026/04/17/oil-prices-including-brent-crude-and-west-texas-intermediate-drop-to-less-than-us-90-per-barrel-and-the-dow-jones-ind.md) _Context: Brent Crude, Economic impact of the 2026 Iran war, US$, West Texas Intermediate_
7. [Oil prices decline, with West Texas Intermediate for May delivery falling 6.2% to US$92.94 per barrel and Brent Crude decreasing 3.77% to $95.61, amid expectations of reduced tensions in the Middle East. ](/feed/2026/04/14/oil-prices-decline-with-west-texas-intermediate-for-may-delivery-falling-62-to-us-9294-per-barrel-and-brent-crude-de.md) _Context: Brent Crude, Economic impact of the 2026 Iran war, US$, West Texas Intermediate_
8. [Oil prices rebound amidst concerns about the ceasefire, with U.S. and Brent Crude oil back up to nearly US$100 per barrel. ](/feed/2026/04/9/oil-prices-rebound-amidst-concerns-about-the-ceasefire-with-us-and-brent-crude-oil-back-up-to-nearly-us-100-per-barre.md) _Context: Brent Crude, Economic impact of the 2026 Iran war, US$_
9. [Brent Crude oil passes US$116 per barrel, the highest it has been since the start of the war. ](/feed/2026/03/30/brent-crude-oil-passes-us-116-per-barrel-the-highest-it-has-been-since-the-start-of-the-war.md) _Context: Brent Crude, Economic impact of the 2026 Iran war_
10. [Brent crude futures fall 11%, trading just below US$100 a barrel for the first time in days, following the announcement by U.S. president Donald Trump about talks with Iran to end the war. ](/feed/2026/03/23/brent-crude-futures-fall-11-trading-just-below-us-100-a-barrel-for-the-first-time-in-days-following-the-announcement.md) _Context: Brent Crude, Economic impact of the 2026 Iran war, US$_