EnergyReader · 2026-08-08 10:41

ICE Brent Surged Past $100 on Red Sea Attacks Before Retreating to $82 as Gulf Tensions Ease

By EnergyReader Newsroom · August 8, 2026

ICE Brent crude front-month stood at $82.38 per barrel as of August 8, 2026, having shed roughly $18 from the $100.69 level reached on July 17, 2026, when attacks on Saudi oil tankers in the Red Sea drove a 7% single-session surge and pushed the benchmark back into triple figures after the sharp retreat that followed June's ceasefire talks.

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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.

China's Demand Cuts Keep Brent Below $100 as Hormuz Risk Persists 4h ago · Brent same market OEG Posts Record Quarter as Offshore Margins Hold Against Crude Slide 5h ago · Brent same market Hormuz Flows Halved as WTI Holds Near $90 and U.S. Crude Stocks Draw 6h ago · WTI via Global Crude Balance EIA Draws and Hormuz Risk Challenge WTI's Post-$100 Bearish Consensus 1d ago · WTI via Global Crude Balance Oil Traders Keep Pricing in Hormuz Deals That Keep Failing to Hold 3h ago · Strait of Hormuz same desk Macron Presses Brussels for Diesel Rule Waiver as Middle East Supply Gap Widens 5h ago · Strait of Hormuz same desk

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Red Sea Brent Crude Oil