Market Prices
WTI Oil $92.60 +0.19 Natural Gas $3.00 −0.20 Brent Oil $105.28 +0.96
Settlement Sep 28, 2026
LMJ Land Services

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Oil nears $120 amid Iran war and ongoing supply shock

Oil prices surged toward $120 per barrel as the Iran war and continued closure of the Strait of Hormuz tighten global supply and fuel a growing energy crisis.