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per barrel, driven by Iran-backed strikes on Saudi infrastructure
flagged by Pentagon Inspector General as creating strategic shortfalls
of Iranian oil exports purchased by China, its diplomatic back-channel
year the Iran nuclear deal fell apart; enrichment has progressed significantly since
Oil markets, nuclear escalation, and Hormuz operations are unfolding simultaneously. Use the tabs below to examine each crisis in detail.
Brent crude breached $100/bbl in September 2026 following Iran-backed drone strikes on Saudi pipeline infrastructure. The chart below shows the full price arc from the post-COVID recovery through the Russia-Ukraine spike and into the current Hormuz crisis.
Military operations, UN pressure campaign
Nuclear enrichment, proxy forces (Houthis)
Oil production, absorbing proxy strikes
Primary Iranian oil buyer, diplomatic back-channel
Iran-backed proxy; Red Sea and pipeline attacks
Crude price data: Brent monthly averages, EIA. 2026 figures reflect reported market levels. Nuclear milestones: IAEA public record. Hormuz incident counts: aggregated from EIA, DoD, and open-source maritime incident databases. Munitions figure: Pentagon Inspector General report.