EnergyReader · 2026-08-04 03:02

US-Saudi Strikes on Iraqi Militias Pull Baghdad Into the Iran War

By EnergyReader Newsroom · August 4, 2026

ICE Brent crude front-month surged about 7% on Wednesday (2026-07-29) to above $90 a barrel after President Donald Trump said the US would hit Iran hard following an attack on a US military base in Jordan — ending a diplomatic pause that had given oil markets two sessions of relative calm.

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US Lower-48 working gas storage (EIA weekly) → EIA weekly US commercial crude inventories (ex-SPR) → Crude implied volatility (OVX-type) →

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