Brent Crude Tops $115 and Is Closing In on Its March War High

As seen on the 24/7 Wall St. homepage on October 23, 2026.

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Brent crude is less than 4% from the Iran War high set on March 9th, putting the oil market back in territory that reopens the inflation debate just as markets had priced in a more benign energy backdrop.

A revisit of that peak pressures airlines, chemicals and consumer goods, and complicates the Federal Reserve's path.

Energy producers benefit most directly, so keep an eye on the group.

Supply and demand dynamics behind the Iran War spike have not resolved.

Sources

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