Oil secures above $110 as conflict with Iran intensifies

Published at: 07/04/2026 12:02 PM

International crude oil prices surpassed the $110 per barrel barrier on Tuesday, driven by volatility in global financial markets and the proximity of a key deadline for the agreement with the Islamic Republic of Iran.

Political uncertainty has transformed the expectation of a peaceful resolution into a marked aversion to risk, leading investors to adopt defensive positions in the face of fear of a definitive break in diplomatic negotiations.

In the commodities market, Brent crude oil rose 1% to $111.69, accumulating an increase of more than 50% since the outbreak of hostilities. Meanwhile, stock market performance reflected current tension: the European STOXX 600 index remained stagnant, while Wall Street futures traded lower in the face of the possibility of new sanctions or attacks that directly affect Iranian energy infrastructure.

Analysts' attention is now focused on global supply stability, given the risk that the tightening of sanctions will interrupt the flow of crude oil from the Middle East.

For now, caution prevails at the negotiating tables, where operators are evaluating whether recent strategic threats will translate into concrete actions that could redefine the price balance in the energy sector in the short term.

Mazo News Team