Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Jan 29, 2026Brent crude rallies above $71 on renewed U.S.-Iran tensions+0.9%
• Mar 1, 2022Oil futures: Crude, fuel prices surge as Ukraine conflict pushes NYMEX WTI well past $100/b+23.6%
• Apr 23, 2019Oil surges amid OPEC caution to offset Iran sanctions-1.0%
• Sep 11, 2026Oil surges 6%, Brent and US crude both surpass $100 on more tanker attacks | Reuters-1.2%
• Oct 8, 2024CO Futures Close Higher Amid Middle East Tensions, Crude Oil Rally – MPOC-4.1%

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Jan 29, 2026Brent crude rallies above $71 on renewed U.S.-Iran tensions+2.9%
• Mar 1, 2022Oil futures: Crude, fuel prices surge as Ukraine conflict pushes NYMEX WTI well past $100/b+24.3%
• Apr 23, 2019Oil surges amid OPEC caution to offset Iran sanctions-3.4%
• Sep 11, 2026Oil surges 6%, Brent and US crude both surpass $100 on more tanker attacks | Reuters-0.4%
• Oct 8, 2024CO Futures Close Higher Amid Middle East Tensions, Crude Oil Rally – MPOC-2.9%