Brent crude jumps as US-Iran fighting continues

Middle East Eye · July 13, 2026 War

Brent crude jumps as US-Iran fighting continues The price of Brent crude has jumped more than three percent while gold prices slumped further as fighting between the US and Iran continues. Brent was trading at just under $78 a barrel at midday after Trump announced the resumption of the blockade on Iran. Gold prices dropped almost three percent to $4,005 per ounce at 15:00 GMT.