# Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150? - The Economic Times

> Crude oil surged to near $115 per barrel, the highest since June 2022, as the Iran conflict escalated and talks stalled. Analysts warn that prolonged disruption could push prices toward $150. The Strait of Hormuz remains the key flashpoint.

- Date: 2026-04-29 · published 2026-04-29T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/19905-crude-oil-price-jumps-to-115-highest-level-since-june-2022-amid-stalled-iran
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A multi-year high in crude raises costs for diesel, fertilizer and freight, which squeezes livestock and feed margins. Further escalation would lift energy-linked input costs across feed supply chains.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-08 | [Oil Prices Spike to Over $110 a Barrel, Highest Since Pandemic - The New York Times](https://feedsoft.ai/events/5233-oil-prices-spike-to-over-110-a-barrel-highest-since-pandemic-the-new-york-times.md) | +8.5% | +25.0% |
| WTI | 2022-03-06 | [Oil price surges to highest since 2008 on delays in Iranian talks \| Reuters](https://feedsoft.ai/events/6283-oil-price-surges-to-highest-since-2008-on-delays-in-iranian-talks-reuters.md) | -5.5% | -14.2% |
| WTI | 2026-03-06 | [Iran conflict boosts US Gulf oil prices to highest since 2020 \| Reuters](https://feedsoft.ai/events/5575-iran-conflict-boosts-us-gulf-oil-prices-to-highest-since-2020-reuters.md) | +18.2% | +39.2% |
| WTI | 2018-05-09 | [Oil jumps to highest since 2014 after US quits Iran deal](https://feedsoft.ai/events/65180-oil-jumps-to-highest-since-2014-after-us-quits-iran-deal.md) | +3.5% | -6.0% |
| WTI | 2024-10-07 | [Crude oil price today: Oil jumps as market waits for Israel attack on Iran](https://feedsoft.ai/events/10028-crude-oil-price-today-oil-jumps-as-market-waits-for-israel-attack-on-iran.md) | +1.6% | -6.7% |
| BRENT | 2026-03-08 | [Oil Prices Spike to Over $110 a Barrel, Highest Since Pandemic - The New York Times](https://feedsoft.ai/events/5233-oil-prices-spike-to-over-110-a-barrel-highest-since-pandemic-the-new-york-times.md) | +9.5% | +25.6% |
| BRENT | 2022-03-06 | [Oil price surges to highest since 2008 on delays in Iranian talks \| Reuters](https://feedsoft.ai/events/6283-oil-price-surges-to-highest-since-2008-on-delays-in-iranian-talks-reuters.md) | -4.6% | -13.0% |
| BRENT | 2026-03-06 | [Iran conflict boosts US Gulf oil prices to highest since 2020 \| Reuters](https://feedsoft.ai/events/5575-iran-conflict-boosts-us-gulf-oil-prices-to-highest-since-2020-reuters.md) | +16.6% | +35.6% |

## Sources

- m.economictimes.com: https://m.economictimes.com/markets/stocks/news/crude-oil-price-jumps-to-115-highest-level-since-june-2022-amid-stalled-iran-war-talks-brace-for-150/amp_articleshow/130604538.cms

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.