Event Brief
Oil prices rise to six-week high on Iran de-escalation hopes
Filed: Jul 22, 2026 at 9:00 AM ET
Summary: West Texas Intermediate and Brent crude front-month contracts rose nearly 4% after an 11th night of attacks in Iran.
WHO: Oil market
WHAT: WTI and Brent front-month contracts rose almost 4% to a six-week high
WHEN: Jul 22, 2026 at 7:19 AM ET
WHERE: Location not specified
WHY: After an 11th night of attacks in Iran, hopes of de-escalation diminished, lifting crude prices.
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