Current price of oil as of July 1, 2026¶
Fortune | July 1, 2026
Summary¶
At 8:40am ET on July 1, Brent was $72.68/barrel. Oil continued to fall as the market priced Hormuz normalization and Iranian export resumption.
Key Data Points¶
- Brent: $72.68/barrel
- Context: Still declining on Hormuz flow recovery expectations
Source¶
- Fortune (https://fortune.com/article/price-of-oil-07-01-2026/)