Crude Oil Prices Rebound After 14% Drop Amid Escalation in US-Iran War; Brent at $86/bbl

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29 July 2026 at 7:22 am

Crude Oil Prices Rebound After 14% Drop Amid Escalation in US-Iran War; Brent at $86/bbl

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Summary

Crude oil prices rebounded after a 14% drop in three sessions, with Brent crude advancing to $86.80 a barrel and US West Texas Intermediate (WTI) crude gaining to $81.95 per barrel, amid an escalation in the US-Iran war.

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