New: Brent crude price SURGES to over $100 per barrel
Business 24 Jul 2026 Asiah Tahar

New: Brent crude price SURGES to over $100 per barrel

International petrol and crude oil markets are trading at elevated levels, driven by severe geopolitical supply shocks and heightened tensions in the Middle East.

  • Crude Oil (Brent): Surged to over $100 per barrel.
  • Crude Oil (WTI): Hovering near $92 to $94 per barrel.
  • Gasoline/Petrol: Nymex RBOB Gasoline futures are trading around $3.45 – $3.52 per gallon (approx. $0.91 – $0.93 per liter).

crude price

The recent rally is fueled by threats to maritime chokepoints, including the Strait of Hormuz and the Red Sea. You can track real-time commodity shifts and historical charts via Markets Insider Crude Oil or Trading Economics Gasoline.

For retail petrol prices across different countries, the global average sits around $1.42 per liter, though this varies heavily based on local taxation and government subsidies. To compare exact retail pump prices by nation, you can use the interactive database on GlobalPetrolPrices.com.

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