The price of futures contracts of Brent crude oil for September 2026 delivery has grown by more than 8% on London’s ICE amid the escalating conflict between the US and Iran, according to trade data. As of 3:30 p.m. Moscow time (12:30 p.m. GMT), the Brent price was up by 7.31% at $90.24 a barrel. By 6:00 p.m. Moscow time (3:00 p.m. GMT), the price of Brent had extended gains to 8.29% reaching $91.06 per barrel. As of 7:15 p.m. Moscow time (4:15 p.m. GMT), the price of Brent was up by 7.88% at $90.72 per barrel. Meanwhile the price of futures contracts of WTI crude oil for August 2026 delivery was up by 7.08% at $84.87 per barrel.