Brent crude climbed to $86.65 a barrel on Tuesday as renewed conflict between the US and Iran heightened fears of supply disruptions and inflation.

Brent crude climbed above $78 and WTI gained over 3% as escalating Iran-US tensions and threats to Strait of Hormuz shipping raised global supply concerns.

Brent crude climbs 3.3 per cent in early trade to reach $78.50 a barrel

Brent crude jumps over 3% amid US-Iran tensions. WTI reaching $110 in July 2026 at 2.6% YES.