Oil Prices · Full chronicle and history

On July 23, Brent crude oil prices broke through $100, the Dow Jones Industrial Average fell 500 points, and the Nasdaq Composite fell 2.15% to close at 25,137.69 points.

Iran seized a Qatari liquefied natural gas (LNG) tanker near the Strait of Hormuz, causing international oil prices to rise.

Brent crude futures fell for the third consecutive day, dropping to $70 a barrel, the lowest level since late February.

On February 28, 2026, the United States and Israel launched joint airstrikes against Iran. Iran's Revolutionary Guard subsequently announced a ban on ships transiting the Strait of Hormuz. Brent crude oil prices surpassed $100 in March, at one point rising to $126.