Oil Price Today (July 14): Crude oil hits one-month high at $85 as US-Iran war tensions simmer. Will it cr
- Posted on July 14, 2026
- By Business News Today
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- 1 min read
In brief
Global energy markets experience significant volatility as geopolitical tensions between the United States and Iran create uncertainty. Brent crude surged to $84.98 per barrel with a 2% gain, while WTI climbed to $79.79, marking the strongest performance since June's diplomatic agreement. Monday's exceptional 9.6% spike reflects investor concerns about potential supply disruptions. Despite recent peace talks, persistent regional instability continues to drive oil prices upward, reaching levels not seen in weeks.
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Oil Price Today (July 14): Crude oil hits one-month high at $85 as US-Iran war tensions simmer. Will it cr
Brent crude futures gained $1.68, or 2%, to $84.98 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.65, or 2.1%, to $79.79 a barrel. On Monday, Brent had surged 9.6%, marking its biggest single-day jump since May 2020. Crude prices are now at their highest levels since the United States and Iran signed a memorandum of understanding to end the war on June 17.
