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Brent Crude Surges to $92 as U.S.-Iran Tensions and Red Sea Threats Drive Oil Market on July 22

2026-07-22 06:05:03

According to Commerzbank strategist Hauke Siemssen, Brent crude surged to $92 per barrel on July 22, driven by ongoing U.S.-Iran military clashes and Houthi threats to Red Sea shipping. The strategist noted that expected moderation in British inflation data should set the tone for debt markets this morning, but oil prices remain the dominant market driver amid escalating geopolitical tensions.

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