Oil Prices Surge to Six-Week High as US and Iran Downplay Peace Talks

Deep News07-23 05:00

Crude oil prices advanced on Wednesday, extending gains for the month to nearly 30%, as both the United States and Iran played down the prospects for peace negotiations and global supply disruptions intensified.

The price of Brent crude futures climbed to levels last seen in early June, prior to a temporary peace agreement between the US and Iran. On Wednesday, Brent futures rose 3.4% to settle around $94 per barrel, marking a new high for over a month and briefly testing $95 during the session.

According to a report from the Mehr News Agency, Iran stated there are currently no negotiations with the US, with only a potential exchange of information possible. Hostilities in the Middle East have escalated in recent days, with three tankers attacked near Oman in the Strait of Hormuz.

Sustained US military action against Iran, renewed threats from Houthi forces to Red Sea shipping, and an outage at the Caspian Pipeline Consortium oil terminal on Russia's Black Sea coast have driven crude prices higher for a fourth consecutive trading day.

Analysts at Bernstein noted in a report that if the Middle East conflict persists and commercial crude inventories in OECD nations decline further, Brent oil could surpass $100 per barrel before year-end. Goldman Sachs Group also indicated a potential return to triple-digit prices, though this is not the firm's base case scenario.

In New York, September West Texas Intermediate (WTI) crude rose 3% to settle at $86.83 per barrel.

September Brent crude increased 3.4% to settle at $94.07 per barrel.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1188738619?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-23 05:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1188738619","market":"us","top_or_hot":-1,"title":"Oil Prices Surge to Six-Week High as US and Iran Downplay Peace Talks","media":"Deep News","content":"<p>Crude oil prices advanced on Wednesday, extending gains for the month to nearly 30%, as both the United States and Iran played down the prospects for peace negotiations and global supply disruptions intensified.<br><br>The price of Brent crude futures climbed to levels last seen in early June, prior to a temporary peace agreement between the US and Iran. On Wednesday, Brent futures rose 3.4% to settle around $94 per barrel, marking a new high for over a month and briefly testing $95 during the session.<br><br>According to a report from the Mehr News Agency, Iran stated there are currently no negotiations with the US, with only a potential exchange of information possible. Hostilities in the Middle East have escalated in recent days, with three tankers attacked near Oman in the Strait of Hormuz.<br><br>Sustained US military action against Iran, renewed threats from Houthi forces to Red Sea shipping, and an outage at the Caspian Pipeline Consortium oil terminal on Russia's Black Sea coast have driven crude prices higher for a fourth consecutive trading day.<br><br>Analysts at Bernstein noted in a report that if the Middle East conflict persists and commercial crude inventories in OECD nations decline further, Brent oil could surpass $100 per barrel before year-end. Goldman Sachs Group also indicated a potential return to triple-digit prices, though this is not the firm's base case scenario.<br><br>In New York, September West Texas Intermediate (WTI) crude rose 3% to settle at $86.83 per barrel.<br><br>September Brent crude increased 3.4% to settle at $94.07 per barrel.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Prices Surge to Six-Week High as US and Iran Downplay Peace Talks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Prices Surge to Six-Week High as US and Iran Downplay Peace Talks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-07-23 05:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Crude oil prices advanced on Wednesday, extending gains for the month to nearly 30%, as both the United States and Iran played down the prospects for peace negotiations and global supply disruptions intensified.<br><br>The price of Brent crude futures climbed to levels last seen in early June, prior to a temporary peace agreement between the US and Iran. On Wednesday, Brent futures rose 3.4% to settle around $94 per barrel, marking a new high for over a month and briefly testing $95 during the session.<br><br>According to a report from the Mehr News Agency, Iran stated there are currently no negotiations with the US, with only a potential exchange of information possible. Hostilities in the Middle East have escalated in recent days, with three tankers attacked near Oman in the Strait of Hormuz.<br><br>Sustained US military action against Iran, renewed threats from Houthi forces to Red Sea shipping, and an outage at the Caspian Pipeline Consortium oil terminal on Russia's Black Sea coast have driven crude prices higher for a fourth consecutive trading day.<br><br>Analysts at Bernstein noted in a report that if the Middle East conflict persists and commercial crude inventories in OECD nations decline further, Brent oil could surpass $100 per barrel before year-end. Goldman Sachs Group also indicated a potential return to triple-digit prices, though this is not the firm's base case scenario.<br><br>In New York, September West Texas Intermediate (WTI) crude rose 3% to settle at $86.83 per barrel.<br><br>September Brent crude increased 3.4% to settle at $94.07 per barrel.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WTIU","symbol_name":"MICROSECTORS ENERGY 3X LEVERAGED ETN","start_time":0,"source_url":"","article_id":"1188738619","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188738619","pubTimestamp":1784754052,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Crude oil prices advanced on Wednesday, extending gains for the month to nearly 30%, as both the United States and Iran played down the prospects for peace negotiations and global supply disruptions...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","FTXN":"First Trust Nasdaq Oil & Gas ETF","DIG":"二倍做多美国油气指数","BK4570":"地缘局势概念股","BWET":"BREAKWAVE TANKER SHIPPING ETF","BK4585":"ETF&股票定投概念","VOOV":"Vanguard S&P 500 Value ETF","PXE":"Invesco Energy Exploration & Production ETF","ERX":"二倍做多能源ETF-Direxion","DRLL":"Strive U.S. Energy ETF","UCO":"二倍做多彭博原油ETF","XOP":"油气开采指数ETF-SPDR S&P","XLEX":"Corgi U.S. Energy 2x Daily ETF","UGA":"United States Gasoline Fund LP","OIH":"石油服务ETF","DBO":"原油ETF-PowerShares","SPXT":"ProShares S&P 500 Ex-Technology ETF","DBC":"商品指数ETF-PowerShares DB","DWT":"三倍做空原油ETN","FBZ":"First Trust Brazil AlphaDEX Fund","UAE":"iShares MSCI UAE ETF","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","DBE":"能源商品ETF-PowerShares","WEEI":"Westwood Salient Enhanced Energy Income ETF","PXJ":"Invesco Oil & Gas Services ETF","USO":"美国原油ETF","VDE":"Vanguard Energy ETF","BK4588":"碎股","USE":"USCF Energy Commodity Strategy Absolute Return Fund","USL":"United States 12 Month Oil Fund LP","DUG":"二倍做空石油与天然气ETF(ProShares)","USOI":"ETRACS Crude Oil Shares Covered Call ETN","DDG":"ProShares做空石油与天然气ETF","OILK":"ProShares K-1 Free Crude Oil ETF","PEJ":"INVESCO LEISURE AND ENTERTAINMENT ETF","FLBR":"Franklin FTSE Brazil ETF","TPOR":"Direxion Daily Transportation Bull 3X Shares","OILT":"Texas Oil Index ETF","FAAR":"First Trust Alternative Absolute Return Strategy ETF","SCO":"二倍做空彭博原油指数ETF","IEO":"iShares Dow Jones U.S. Oil & Gas","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","IXC":"全球能源业ETF-iShares","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","SDOG":"ALPS Sector Dividend Dogs ETF","BNO":"美国布伦特原油基金有限合伙企业","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares"},"translate_title":"美国和伊朗淡化和平谈判，油价飙升至六周高点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OIH":1,"DBE":1,"DUG":1,"QMmain":1,"SPXT":1,"OILK":1,"CLmain":1,"FLBR":1,"OILT":1,"XOP":1,"SDOG":1,"XLEX":1,"DWT":1,"VOOV":1,"PXJ":1,"GUSH":1,"XES":1,"FBZ":1,"BNO":1,"BZmain":1,"USOI":1,"UAE":1,"FAAR":1,"PXE":1,"BWET":1,"USO":1,"ERX":1,"DBC":1,"IXC":1,"OILU":1,"DRIP":1,"DDG":1,"PEJ":1,"VDE":1,"WTIU":1,"DIG":1,"SCO":1,"DRLL":1,"UCO":1,"DBO":1,"MCLmain":1,"IEO":1,"FTXN":1,"UGA":1,"USE":1,"TPOR":1,"USL":1,"WEEI":1},"content_text":"Crude oil prices advanced on Wednesday, extending gains for the month to nearly 30%, as both the United States and Iran played down the prospects for peace negotiations and global supply disruptions intensified.The price of Brent crude futures climbed to levels last seen in early June, prior to a temporary peace agreement between the US and Iran. On Wednesday, Brent futures rose 3.4% to settle around $94 per barrel, marking a new high for over a month and briefly testing $95 during the session.According to a report from the Mehr News Agency, Iran stated there are currently no negotiations with the US, with only a potential exchange of information possible. Hostilities in the Middle East have escalated in recent days, with three tankers attacked near Oman in the Strait of Hormuz.Sustained US military action against Iran, renewed threats from Houthi forces to Red Sea shipping, and an outage at the Caspian Pipeline Consortium oil terminal on Russia's Black Sea coast have driven crude prices higher for a fourth consecutive trading day.Analysts at Bernstein noted in a report that if the Middle East conflict persists and commercial crude inventories in OECD nations decline further, Brent oil could surpass $100 per barrel before year-end. Goldman Sachs Group also indicated a potential return to triple-digit prices, though this is not the firm's base case scenario.In New York, September West Texas Intermediate (WTI) crude rose 3% to settle at $86.83 per barrel.September Brent crude increased 3.4% to settle at $94.07 per barrel.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1188738619","isCrawlerRequest":true}