EnergyReader · 2026-08-02 21:04

Brent at $91 as Five OPEC+ Output Increases Fail to Reverse Iran-Conflict Gains

By EnergyReader Newsroom · August 2, 2026

ICE Brent crude front-month closed at $91.04 a barrel on Friday (2026-07-31), roughly 26% above the levels that prevailed just before the United States and Israel launched their first strikes against Iran in late February. Five consecutive OPEC+ monthly output increases have done little to bring that gain down.

This piece has moved into our archive. We keep the full historical record — pricing, storage, weather, positioning — for our own research, and license access to it separately. Contact us about archive access →

What to watch Track the live series behind this story — history, latest readings and our coverage.

ICE Brent crude futures, front-month → OPEC reference basket → Strait of Hormuz oil/LNG transit flows → China crude oil imports →

Connected coverage Stories linked to Brent through the market graph: same hub, spread, route or driver.

Saudi Pipeline Shutdown Sent Brent Toward $108; OPEC Output Growth and US Stock Build Counter the Rally 57m ago · Brent same market Brent Holds Above $105 as Fed September Meeting Nears With Inflation Calculus Unresolved 2h ago · Brent same market Bond Yields at 19-Year Highs Fail to Shift WTI From $102 5h ago · WTI via Global Crude Balance WTI Retreats to $102 as U.S. Diesel Breaks $6 for the First Time 5h ago · WTI via Global Crude Balance Petroline Drone Strike and Libyan Force Majeure Warning Tighten Mediterranean Crude Supply 3h ago · Libya same desk Rosneft Opens Arctic Pipeline as Vostok Oil Targets 50 Million Tonnes by 2030 4h ago · Rosneft same desk

Get this in your inbox

Daily briefings for commodity traders

Related Markets

OPEC+ OPEC Brent Crude Oil