# Brent crude tops $100 a barrel. How the next stop could be $120

> Brent passed $100 a barrel and WTI topped $90 as Iranian militants reportedly killed US servicemen in Jordan and Houthis imposed a Red Sea blockade. Analysts discussed scenarios in which Iranian oil exports stop entirely.

- Date: 2026-07-23 · published 2026-07-23T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/9929-brent-crude-tops-100-a-barrel-how-the-next-stop-could-be-120
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Possible loss of Iranian barrels and Red Sea disruption would tighten crude supply, raising energy costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-07-23 | 5 | +29.7% | 3.5 | Reported US deaths in Jordan, a Houthi Red Sea blockade and scenarios of halted Iranian exports increased the perceived supply-loss risk. |
| BRENT | 2026-07-23 | 1 | +11.9% | 3.1 | Reported killings of US servicemen and a Houthi Red Sea blockade raised the odds of Iranian export loss, adding to the risk premium. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-09-10 | [Brent crude oil nears $104 per barrel: Here's why](https://feedsoft.ai/events/17666-brent-crude-oil-nears-104-per-barrel-here-s-why.md) | +10.5% | +6.7% |
| BRENT | 2026-03-01 | [Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say \| Reuters](https://feedsoft.ai/events/8002-oil-jumps-10-on-iran-conflict-and-could-spike-to-100-a-barrel-analysts-say.md) | +31.0% | +62.6% |
| BRENT | 2026-03-08 | [Crude oil sells above $100 a barrel as Iran war impedes production \| AP News](https://feedsoft.ai/events/5230-crude-oil-sells-above-100-a-barrel-as-iran-war-impedes-production-ap-news.md) | +9.5% | +25.6% |
| BRENT | 2019-09-15 | [Brent crude oil spikes the most in history after Saudi attacks](https://feedsoft.ai/events/57247-brent-crude-oil-spikes-the-most-in-history-after-saudi-attacks.md) | +6.6% | -0.3% |
| BRENT | 2026-03-06 | [Iran war sends US crude futures up 12% a barrel \| Reuters](https://feedsoft.ai/events/5572-iran-war-sends-us-crude-futures-up-12-a-barrel-reuters.md) | +16.6% | +35.6% |
| WTI | 2026-09-10 | [Brent crude oil nears $104 per barrel: Here's why](https://feedsoft.ai/events/17666-brent-crude-oil-nears-104-per-barrel-here-s-why.md) | +6.6% | -4.3% |
| WTI | 2026-03-01 | [Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say \| Reuters](https://feedsoft.ai/events/8002-oil-jumps-10-on-iran-conflict-and-could-spike-to-100-a-barrel-analysts-say.md) | +35.6% | +50.4% |
| WTI | 2026-03-08 | [Crude oil sells above $100 a barrel as Iran war impedes production \| AP News](https://feedsoft.ai/events/5230-crude-oil-sells-above-100-a-barrel-as-iran-war-impedes-production-ap-news.md) | +8.5% | +25.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/07/23/brent-crude-tops-100-a-barrel-how-the-next-stop-could-be-120.html

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