Oil prices climb to six-week high as hopes of de-escalation in Iran diminish

MarketWatch Wednesday 22 July 2026, 11:19 UTC By Nora Redmond 1 min read

Key Points

West Texas Intermediate and Brent crude’s front-month contracts rose almost 4% on Wednesday after an 11th night of attacks in Iran.

West Texas Intermediate and Brent crude’s front-month contracts rose almost 4% on Wednesday after an 11th night of attacks in Iran. [Image text:] UNCLASSIFIED

Iran (LOCATION) Brent (PERSON)

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Oil prices climb to six-week high as hopes of de-escalation in Iran diminish

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