# West Texas Intermediate

Type: Product

Source: Climate Intelligence Brief — https://getclimatebrief.com/entity/west-texas-intermediate
Canonical HTML page: https://getclimatebrief.com/entity/west-texas-intermediate

## Timeline

- **2026-03-02**: Market Spike — Oil prices jump 8% as trading opens following the weekend attacks.
- **2026-03-01**: Military Escalation — U.S. and Israeli strikes on Iran; retaliatory strikes on Gulf installations and vessels.
- **2026-02-27**: Market Close — Brent crude finishes the week at $72.87, then a seven-month high.
- **2026-02-15**: Hormuz Military Drill — Iran temporarily shuts parts of the Strait, causing a 6% price jump.

## Recent coverage (2 stories)

### Iran oil embargo holds, keeping 3M bpd off market—emissions twist
2026-07-01 00:21:30 · Sentiment: Neutral · Impact: 6/10 · Sources: 3

The isolation of Iranian crude, even after the Hormuz reopening, prevents a flood of cheap oil that would suppress prices and derail the energy transition. Climate advocates face a paradox: geopolitical risk maintains a price floor that supports renewables investment.
Full story: https://getclimatebrief.com/story/iran-oil-climate-sanctions-emissions

### Middle East Escalation Triggers 8% Surge in Global Oil Prices
2026-03-02 02:11:41 · Sentiment: Bearish · Impact: 8/10 · Sources: 8

Oil prices spiked as U.S. and Israeli strikes on Iran, followed by retaliatory attacks on Gulf installations, disrupted global energy supply chains. With the Strait of Hormuz—a transit point for 20% of the world's oil—facing active threats, Brent crude jumped to $79 per barrel amid fears of a prolonged regional conflict.
Full story: https://getclimatebrief.com/story/middle-east-oil-price-spike-2026

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This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getclimatebrief.com/guides/methodology for the full editorial methodology.