What is the price of oil today?

Brent crude: $82.40/bbl (+13% since crisis began). WTI: $78.20. Dubai Crude: $81.10. OPEC Basket: $80.50. Prices updated continuously as markets react to the Hormuz crisis.

Why are oil prices going up in 2026?

The Strait of Hormuz closure has removed 21 million barrels/day from transit routes — 21% of global supply. This supply disruption is the largest since the 1973 Arab oil embargo.

How high could oil prices go?

Goldman Sachs projects: $85-90 (quick resolution), $100-115 (sustained disruption), $120-150 (full escalation). If Hormuz remains closed for 90+ days, $130+ is possible.

Oil Prices Today: Brent Crude & WTI Live Tracker

Current oil prices: Brent crude $82.40/bbl (+13% since Hormuz crisis), WTI $78.20, Dubai Crude $81.10, OPEC Basket $80.50. Goldman Sachs scenarios range from $85 to $130+. Track how oil prices affect gas, food, energy bills, and the broader economy.