{"id":17616,"date":"2026-07-15T11:06:46","date_gmt":"2026-07-15T11:06:46","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=17616"},"modified":"2026-07-15T11:06:46","modified_gmt":"2026-07-15T11:06:46","slug":"global-crude-oil-price-today-july-15-2026-brent-crude-rises-to-85-42","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/17616\/","title":{"rendered":"Global Crude Oil Price Today (July 15, 2026) \/ Brent Crude Rises to $85.42"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Brent crude futures rose 69 cents (0.8%) to $85.42 per barrel. U.S. West Texas Intermediate (WTI) crude futures climbed 73 cents (0.9%) to $80.07 per barrel.<\/p>\n

According to Roydad Naft, oil prices rose around 1% after U.S. President Donald Trump reimposed a full naval blockade on all Iranian ports, prompting Iran\u2019s Islamic Revolutionary Guard Corps (IRGC) to threaten closing \u201call other export corridors that benefit the United States and its allies.\u201d<\/p>\n

Brent crude futures gained 69 cents, or 0.8%, to $85.42 per barrel at 09:50 GMT. WTI futures rose 73 cents, or 0.9%, to $80.07 per barrel.<\/p>\n

Oil prices closed up 2% on Tuesday at their highest level in a month, as attacks intensified disruptions in the Strait of Hormuz \u2014 a waterway that, before the start of the Iran war, carried roughly one-fifth of the world\u2019s oil and liquefied natural gas.<\/p>\n

In a statement published on Wednesday by Iran\u2019s official news agency IRNA, the IRGC declared: \u201cRegional energy exports are either shared by all or denied to all.\u201d<\/p>\n

Analysts say Iran has signaled it may use its Houthi allies in Yemen to close the Bab el-Mandeb Strait into the Red Sea, opening a new front against Washington and putting two of the world\u2019s most vital energy arteries at risk.<\/p>\n

Tensions between Iran and the United States flared again last week, undermining a fragile ceasefire reached in June after months of conflict.<\/p>\n

Early Wednesday, the U.S. military launched a new round of strikes aimed at further degrading Iran\u2019s capabilities used to attack commercial shipping in the Strait of Hormuz.<\/p>\n

In an interview with Fox News aired Tuesday evening, Trump said: \u201cI\u2019m keeping energy targets for last, but we will eventually hit energy targets.\u201d<\/p>\n

UBS analyst Giovanni Staunovo said: \u201cThe U.S. naval blockade on vessels entering or leaving Iranian ports has tightened the oil market, especially given that Iran\u2019s crude oil exports have averaged about 1.5 to 2 million barrels per day over the past two weeks.\u201d<\/p>\n

Goldman Sachs estimated in a note that Gulf exports had recovered to more than 80% of pre-war levels following the June U.S.-Iran understanding, but fell back below 50%, or around 11 million barrels per day, last week.<\/p>\n

The bank said Brent could exceed $110 in the fourth quarter of this year if the recovery in Gulf exports remains stalled.<\/p>\n

However, investors are avoiding excessive risk premiums on oil prices due to the back-and-forth headlines.<\/p>\n

Ole Hansen, head of commodity strategy at Saxo Bank, said: \u201cThis is just part of the war games, and the market has learned to take a somewhat cool approach to some of these big announcements \u2014 simply because they often don\u2019t fully materialize.\u201d<\/p>\n

Iran\u2019s military announced early Wednesday that it had carried out drone attacks on U.S. positions at Al-Azraq base in Jordan. The Pentagon has not yet commented.<\/p>\n

Meanwhile, the IRGC said it had targeted military facilities and depots in Bahrain and Kuwait.<\/p>\n

Updated on