Why oil prices remained stable despite five months of US-Iran conflict
An analysis of why crude oil prices have not surged dramatically during the five-month period of US-Iran tensions.
The Business Standard21 July 2026, 7:25 AM6 readsAMP
Despite five months of conflict between the United States and Iran, global oil prices have avoided extreme volatility. Between the onset of the conflict on February 28 and June 11, Brent crude futures averaged $101 per barrel. Although prices peaked at approximately $126 during this period, they remained well below the all-time high of $147 recorded in 2008.
