Crude oil price through the 2026 Hormuz shock
Brent crude milestones, $/barrel, 2026.
About this data
Brent began 2026 near $61/b, then ran past $100 in March and finished Q1 around $118/b after military action on Feb 28 and the de facto closure of the Strait of Hormuz choked off shipping. By late June a US–Iran deal to reopen the strait had pulled WTI back to roughly $77 and Brent into the low $80s. The chart shows the milestone points, not every trading day.
Crude oil price through the 2026 Hormuz shock
Brent crude milestones, $/barrel. Prices spiked after the Strait of Hormuz closed in late Feb, then eased on a reopening deal.
Data table
| period | series | brent_usd | source_ref | value_basis | wti_usd |
|---|---|---|---|---|---|
| Jan 2026 | crude_price | 61 | eia-q1-2026 | EIA: Brent front-month began 2026 at $61/b | |
| Feb 2026 | crude_price | 72 | eia-q1-2026 | EIA: Brent rose to $72/b in Feb on rising Middle East conflict risk | |
| Mar 2026 | crude_price | 118 | eia-q1-2026 | EIA: Brent finished Q1 at $118/b; surpassed $100 on Mar 12 after the de facto closure of the Strait of Hormuz (military action Feb 28) | |
| Jun 2026 | crude_price | 81 | te-wti | WTI $77.54 on Jun 22 2026 (Trading Economics); Brent ~$81 as a US–Iran deal to reopen Hormuz eased prices (Al Jazeera) | 77.54 |
Methodology & sources
Last updated: Aug 5, 2026Methodology
A consolidated US oil & gas data hub. Source-backed values are seeded for all seven charts: the 2026 Brent crude journey through the Strait of Hormuz shock, Henry Hub natural gas annual averages, US crude oil production, the Strategic Petroleum Reserve drawdown, the Baker Hughes rig count, and national pump prices for gasoline and diesel. Every numeric point carries a sources[].ref and a value_basis. Crude and gas prices and production are from the EIA; the rig count is Baker Hughes; the SPR level is EIA weekly stocks with context from DOE and CNN; pump prices are the AAA national average (gasoline) and EIA on-highway price / STEO forecasts (diesel). CAVEAT: the 2026 Henry Hub value ($3.34) and the diesel-related forecasts are EIA projections, labeled as forecasts. The crude chart shows Brent milestone points (not every month); the Jun point also carries the WTI spot ($77.54, Jun 22 2026). The gasoline point (Jun 18 2026) and diesel point (mid-May 2026) carry different dates, each labeled, as the latest cited value per fuel. Re-verified 2026-06-22.
Sources
Comparisons are informative, not definitive. See each source for definitions and limits.