Crude oil price increases due to tension in Middle East, fear of reaching $ 100 per barrel.

There has been a huge jump in the prices of crude oil due to the increasing military tension between America and Iran in the Middle East. 21st and 22nd July 2026 price of brent crude 91.51 dollars While West Texas Intermediate (WTI) $84.64 walk up to. At present there is an environment of uncertainty in the market and prices 88.01 dollars Are moving around.

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Impact of stress and supply chain

us President Donald Trump The U.S. has reimposed a naval blockade of Iranian ports, further worsening the situation. Iran has also retaliated by targeting American infrastructure in Bahrain, Kuwait and Jordan. Iran has announced the closure of the Strait of Hormuz, which is having a direct impact on the oil supply.

Market experts warn

According to experts, oil prices may rise further due to the ongoing dispute in the Strait of Hormuz and the Red Sea. If this tension continues like this, the price of oil 100 dollars Can touch the level of per barrel. Although OPEC+ In production from August 2026 548,000 barrels A daily increase has been announced, but due to the war, there is concern about supply in the market.

According to the US Defense Secretary, the ongoing military operations against Iran so far 37.5 billion dollars The expenses have been incurred. currently one 10-day ceasefire A proposal has come forward, which is expected to normalize the situation.