Commodities
US-Iran Tensions Push Oil Prices Above $100
Oil prices have reached their highest level since early May, surpassing $100 a barrel. The recent surge comes as tensions between the US and Iran continue to escalate.
The energy markets are once again playing a significant role in dictating market sentiment, much like they did earlier this year when oil prices briefly dictated stock market performance.
The current situation is not good news for investors, with continued price volatility expected. As of July 23, 2026, oil prices have fallen below $100 but remain elevated due to ongoing tensions between the US and Iran.