Post by: susan on July 14, 2026, 01:48:45 PM
The cost of a barrel of Brent crude, the international standard, was up around $86 US on Tuesday morning. That's higher than oil has been in recent weeks after the U.S. and Iran signed a memorandum of understanding to end the war, but below the $100 mark that oil has reached earlier in the war.
Source: Oil rises to 4-week highs as conflict in Iran escalates (https://www.cbc.ca/news/business/oil-prices-rising-9.7269273?cmp=rss)