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Physical oil prices near $110 as Iran, Ukraine conflicts hit supply

Crypto Briefing 2026-07-24 14:40:47
Context: Physical oil prices have surged to near $110 due to supply disruptions caused by ongoing conflicts in Iran and Ukraine. The price increase has reached a new all-time high as of December 31. The situation has led to a significant rise in oil prices.

Key Facts

  • Physical oil prices have risen to near $110 due to conflicts in Iran and Ukraine that have disrupted the supply chain.
  • The price of oil reached a new all-time high by December 31, marking a significant increase.
  • The surge in oil prices represents a 19% increase as of December 31, a substantial rise from previous levels.
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