Oil Price Today
Brent crude, tracked against the Iran conflict and Strait of Hormuz shipping that keeps moving it.
Trend
- Sep 7: $97, Six-week high, Hormuz strikes
- Sep 19: $99.29
- Sep 21: $100.06, Latest
Brent has spent 2026 tracking the US-Iran conflict almost tick for tick. The April ceasefire briefly knocked prices down sharply; when the fighting resumed and the US struck Iran directly in July, prices surged back. By early September, strikes in the Strait of Hormuz, a chokepoint for a large share of the world’s seaborne oil, had pushed Brent to a six-week high and cut shipping traffic through the strait to roughly a tenth of its normal volume.
The slide since that September peak has coincided with renewed diplomatic efforts, though the ceasefire that briefly calmed markets earlier this year has already proven unstable once before. We’re tracking the price, not predicting where the diplomacy goes next.
What changed
Newest first. Each entry links to its primary source.
- : Brent falls to $100.06, a fourth straight losing session
Down 3.67% on the day as traders focused on diplomatic efforts to de-escalate the US-Iran conflict, plus signs that oil and LNG shipments through the Strait of Hormuz remain resilient despite the fighting.
Trading Economics - Brent crude oil - : Brent at $99.29, up 1.18%
A one-day bounce inside the broader slide down from the month's highs, still well above where Brent sat before the Strait of Hormuz strikes intensified in early September.
ConvexTrade - Brent crude oil price - : Brent near a six-week high on intensified Hormuz strikes
Futures traded close to $97 a barrel, up roughly 9% over five days and 19% over the month, as US and Iranian forces exchanged strikes in the Strait of Hormuz and shipping traffic through the strait thinned to an average of about 10 commodity vessels a day.
Al Jazeera - Oil prices surge as US-Iran strikes intensify - : Oil surges as the US strikes Iran directly
Prices reversed a fall back toward pre-war levels after direct US strikes on Iran, undoing weeks of gradual de-escalation.
Al Jazeera - Oil surges as US strikes Iran - : Brent crashes as much as 20% on a US-Iran ceasefire
News of the ceasefire agreement between the US and Iran sent oil prices sharply lower, the first real relief markets had seen since the conflict began pushing prices up.
Euronews - Iran ceasefire pushes oil prices down
Methodology
Prices and % changes are pulled from named financial data providers at the time of each update; the conflict context behind each move is sourced to wire services and specialist energy-news outlets, linked at point of use. Figures already several days old when we publish are labelled by their real date, not relabelled as "today."