# Brent Crude Settles at Highest Since July on Trump’s Iran Threat - Bloomberg

> Brent crude settled at its highest level since July after rising 3.4% on Thursday, its third straight day of gains. The rally followed US threats against Iran, with WTI also advancing, and traders focused on possible disruption to Iranian crude exports or a critical shipping route.

- Date: 2026-01-29 · published 2026-01-29T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/21235-brent-crude-settles-at-highest-since-july-on-trump-s-iran-threat-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Crude strength feeds into diesel, freight and fertilizer costs for feed supply chains and supports biofuel feedstock values. The move reflects a risk premium that could fade quickly if tensions ease.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-06-21 | [Oil Posts Best Week Since 2016 as Trump Calls Off Iran Raids - Bloomberg](https://feedsoft.ai/events/12314-oil-posts-best-week-since-2016-as-trump-calls-off-iran-raids-bloomberg.md) | +2.7% | -5.6% |
| BRENT | 2026-10-23 | [Oil prices jump $3 on Houthi attacks, oil spill, highest settlement since April By Reuters](https://feedsoft.ai/events/17214-oil-prices-jump-3-on-houthi-attacks-oil-spill-highest-settlement-since-april-by.md) | -1.7% | — |
| BRENT | 2026-04-02 | [US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran \| Reuters](https://feedsoft.ai/events/12724-us-crude-jumps-more-than-11-brent-nearly-8-after-trump-vows-more-attacks-on.md) | -2.8% | +8.2% |
| BRENT | 2026-02-20 | [Brent rises late, settles higher and with weekly gain on Iran-US jitters \| Reuters](https://feedsoft.ai/events/20772-brent-rises-late-settles-higher-and-with-weekly-gain-on-iran-us-jitters-reuters.md) | -1.7% | +51.7% |
| BRENT | 2022-01-25 | [Oil Prices for Jan. 26, 2022: Brent Crude, WTI - Bloomberg](https://feedsoft.ai/events/43302-oil-prices-for-jan-26-2022-brent-crude-wti-bloomberg.md) | +5.5% | +10.6% |
| WTI | 2019-06-21 | [Oil Posts Best Week Since 2016 as Trump Calls Off Iran Raids - Bloomberg](https://feedsoft.ai/events/12314-oil-posts-best-week-since-2016-as-trump-calls-off-iran-raids-bloomberg.md) | +4.3% | -2.3% |
| WTI | 2026-10-23 | [Oil prices jump $3 on Houthi attacks, oil spill, highest settlement since April By Reuters](https://feedsoft.ai/events/17214-oil-prices-jump-3-on-houthi-attacks-oil-spill-highest-settlement-since-april-by.md) | -1.0% | — |
| WTI | 2026-04-02 | [US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran \| Reuters](https://feedsoft.ai/events/12724-us-crude-jumps-more-than-11-brent-nearly-8-after-trump-vows-more-attacks-on.md) | -2.2% | +6.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-01-29/brent-crude-hits-70-a-barrel-as-trump-ramps-up-iran-threats

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