Analysts at the investment bank, led by Daan Struyven, see oil prices averaging $100 a barrel next year if traffic continues to be affected through the waterway.

Crude oil prices continued rising on Hyperliquid as investors reacted to the ongoing escalation between the US and Iran. Brent jumped to $88.7, with its 24-hour volume soaring to $59 million. West Texas Intermediate (WTI),

Brent crude oil prices exceed $90 amid rising Iran War tensions. New all-time high by December 31 at 15.5% YES.

While their base-case scenario anticipates an average of $80 per barrel during the same period, risks remain high due to ongoing tensions in the Middle East and reduced oil flows from the Persian Gulf.

Fighting between the U.S. and Iran escalated.

By Florence Tan and Siyi Liu SINGAPORE, July 20 (Reuters) - Brent oil prices rose 2% to more than $90 per barrel on Monday, as escalating U.S.-Iran hostilities in the Middle East restricted oil shipments through the Strait of Hormuz.

Goldman Sachs says Brent crude could near its $120 war-era peak if Strait of Hormuz disruptions persist into Q4.

Oil prices continued to climb on Tuesday, hitting their highest levels in a month, as an escalating pattern of strikes and counter strikes between the United States and Iran rattled markets. Brent crude,

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.