July 22, 2026 11:06 AM
Oil prices hit five-week high; Brent crude touches USD 92 amid US-Iran tensions
Brent crude prices hit USD 92 per barrel on Wednesday, climbing to a five-week high amid intensifying geopolitical tensions between the US and Iran. Brent crude futures rose 50 cents, or 0.55 per cent, to USD 91.51 a barrel, while US West Texas Intermediate (WTI) crude futures gained 30 cents, or 0.36 per cent, to USD 84.64 a barrel after markets opened. At the time of reporting, Brent crude was trading at around USD 92.01 per barrel while crude oil was trading at around USD 85.21 per barrel. ...