Thursday, July 30, 2026
Home / Politics / Oil prices jump up as US-Iran tensions escalate
Politics

Oil prices jump up as US-Iran tensions escalate

CN
CitrixNews Staff
·
Oil prices jump up as US-Iran tensions escalate
Energy & Environment Oil prices jump up as US-Iran tensions escalate Comments: by Rachel Frazin - 07/29/26 5:38 PM ET Comments: Link copied by Rachel Frazin - 07/29/26 5:38 PM ET Comments: Link copied

NOW PLAYING

Oil prices were back higher on Wednesday as U.S.-Iran tensions escalate again.

As of late Wednesday afternoon, international benchmark Brent crude was trading at about $91  per barrel, up from as low as about $83 earlier this week. 

That price is still well below the pre-ceasefire highs and prices last week, which reached as high as $101 per barrel.

But the latest jump comes as Iran fired missiles at a U.S. base in Jordan.

In response, President Trump on Wednesday said he would “beat the f‑‑‑ing s‑‑‑ out of” Iran.

“They’re going to get a beating,” Trump told Fox News.

The average U.S. gasoline price was about $4.09 per gallon on Wednesday, according to AAA.

Add as preferred source on Google Tags AAA Fox News gas prices Iran Iran war Jordan oil prices Price of gas Price of oil trump U.S.

Copyright 2026 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments: Link copied

More Energy & Environment News

See All

Energy & Environment Southern Europe burns as 3 firefighters die and France battles blaze 4 times the size of Paris by THOMAS ADAMSON, MARK CARLSON and EMMA DA SILVA, Associated Press 1 hour ago Energy & Environment  /  1 hour ago

Originally reported by The Hill. Read the full story at the original source.