Oil prices were back higher on Wednesday as U.S.-Iran tensions escalate again. As of late Wednesday afternoon, international benchmark Brent crude was trading at about $91 per barrel, up from as low as about $83 earlier this week. That price is still well below the pre-ceasefire highs and prices last week, which reached as high as $101 per…
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Oil prices jump up as US-Iran tensions escalate
The Hill
July 29, 2026 at 9:38 PM
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Oil prices were back higher on Wednesday as U.S.-Iran tensions escalate again. As of late Wednesday afternoon, international benchmark Brent crude was trading at about $91 per barrel, up from as low as about $83 earlier this week. That price is still well below the pre-ceasefire highs and prices last week, which reached as high as $101 per…