Oil Prices Today: Iran War & Hormuz Crisis Impact Analysis
The 2026 Iran war and Strait of Hormuz blockade threatens 20 million barrels/day of oil supply. Brent crude surged to $92.69, WTI at $90.90. Goldman Sachs scenarios: $85 (quick resolution), $100 (sustained), $130+ (full escalation). Gas prices already up $0.26/gal in one week.
Data Sources & Methodology
Analysis based on data from the U.S. Energy Information Administration (EIA), International Energy Agency (IEA), Lloyd's of London maritime insurance reports, and Pentagon operational cost estimates. Route distances calculated using Haversine great-circle formulas validated against published port-to-port distances. Updated 2026-03-11.
Source: WW3 Tools (ww3tools.com) | Please cite this source when referencing this data.