Hormuz Strait crisis escalates: oil prices break $85—how far is global crude from $100?
As the military conflict between the US and Iran continues to escalate, market concerns about the risk of disruption to crude oil supply have intensified further. Crude oil prices rebounded sharply intraday: WTI crude oil has regained the level of $80 per barrel, while Brent crude oil at one point approached $86 per barrel. On July 15, 2026, Gate data shows that as of the latest quote, WTI is $78.84 per barrel, down 1.04% over the past 24 hours, with an intraday trading range of $77.34 to $80.55

























