Brent crude hits 4-year high at $120+, what's causing the surge in oil prices?

The last time crude prices saw a major surge was at $130 a barrel on March 9, 2022, due to the escalation of the Russia-Ukraine war.

Brent oil pulls back after climbing to $126 per barrel on U.S.-Iran escalation fears

Brent crude surged to its highest levels since early 2022, before paring gains, as the Middle East conflict chokes supplies.

Nymex Overview: Petroleum Futures Falling After Brent Eases From Four-Year High -- OPIS

U.S. oil prices were down about 2% at 11:15 a.m. ET, with the June West Texas Intermediate crude contract falling by $2.14 to $104.74/bbl after nearly touching $111/bbl earlier in the day. July WTI ...

Brent Crude Swings Over $50 Per Barrel in 12 Months as XCF Global Highlights Stability of U.S. Waste Based Feedstock Model

Over the past 12 months, global benchmark Brent crude has shown significant volatility, reaching an intra‑month peak of $124.61 per barrel on April 10, 2026, and then easing to $114.43 per barrel as ...
The Financial Express

Iran, US-Israel war LIVE updates: Brent crude at $111/bbl as Trump calls ‘power of Hormuz blockade incredible’, claims ‘Iran’s economy is crashing’

Rising US-Iran tensions see Trump push a prolonged blockade, stall nuclear talks, and warn Tehran to “get smart soon.” Oil ...

Crude Oil Rally Gains Momentum as Hormuz Supply Risk Grows

Crude oil prices remain supported as restricted Strait of Hormuz flows, stalled U.S.-Iran talks, and tanker disruptions keep ...