# Oil price rises above $95 mark as Middle East conflict escalates | Oil | The Guardian

> Oil rose above $95 on Wednesday, reaching $95.24 as the Middle East war reignited, before easing to $94.40. Prices had fallen to $71 in early July after peaking at $126 in April.

- Date: 2026-07-22 · published 2026-07-22T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/9932-oil-price-rises-above-95-mark-as-middle-east-conflict-escalates-oil-the-guardian
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Renewed conflict lifts crude prices and energy input costs for feed producers.

## Read by commodity

- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-07-23 | 5 | +29.7% | 3.5 | Brent rising above $95 on July 22 as the war reignited shows the build-up earlier in the five-day window from a lower early-July base near $71. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-10-02 | [Markets Ablaze: Gas & LNG Prices Surge as Middle East Conflict Escalates](https://feedsoft.ai/events/17233-markets-ablaze-gas-and-lng-prices-surge-as-middle-east-conflict-escalates.md) | +7.5% | +9.7% |
| BRENT | 2024-10-31 | [Oil Rises On Middle East Conflict Escalation Fears](https://feedsoft.ai/events/28028-oil-rises-on-middle-east-conflict-escalation-fears.md) | +3.9% | +0.7% |
| BRENT | 2025-06-17 | [Oil prices rise more than 4% as Iran-Israel conflict escalates \| Reuters](https://feedsoft.ai/events/10994-oil-prices-rise-more-than-4-as-iran-israel-conflict-escalates-reuters.md) | -1.7% | -5.5% |
| BRENT | 2026-03-01 | [Euro, yen slide as Middle East conflict escalates \| Reuters](https://feedsoft.ai/events/11001-euro-yen-slide-as-middle-east-conflict-escalates-reuters.md) | +31.0% | +62.6% |
| BRENT | 2018-03-09 | [Oil prices surge above $101 as Gulf conflict escalates, Hormuz shipping slumps](https://feedsoft.ai/events/66168-oil-prices-surge-above-101-as-gulf-conflict-escalates-hormuz-shipping-slumps.md) | +1.0% | +4.8% |

## Sources

- theguardian.com: https://www.theguardian.com/world/2026/jul/22/oil-price-increases-middle-east-conflict-escalates-us-iran

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