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Brent crude rises above $95 after renewed US attacks unset oil markets

Updated 25 June 2026, 09:20 UTC, Brussels. Brent crude rose above $95 a barrel after renewed US attacks in the Gulf region, according to HLN, as traders repriced the risk of another supply shock through the Strait of Hormuz. Reuters market coverage and US Energy Information Administration background identify Hormuz as a critical route for global oil flows, making any escalation immediately relevant for fuel, freight and inflation expectations.

Belgium Impulse Editorial·25 June 2026·1 min read·4 sources
Key signal

Oil prices feed directly into transport, shipping, aviation, heating oil and industrial costs. For readers in Belgium, the first visible effects are normally fuel-price adjustments, higher freight costs for imported goods and renewed pressure on inflation if the rise lasts.

The subject is the international oil market reaction to renewed US military action in the Gulf region. HLN reported that the internationale referentiesoort Brent rose to more than $95, while energy-market sources track Brent as the key benchmark for crude used in Europe, Africa and parts of Asia.

Background

Oil markets have repeatedly reacted sharply to Gulf security shocks because a large share of internationally traded crude and liquefied natural gas passes through narrow maritime routes. The US Energy Information Administration describes the Strait of Hormuz as one of the world's most important oil chokepoints.

OIS Intelligence

Impact

Regional — Belgium does not set global crude prices, but the federal maximum-price system for petrol, diesel and heating oil means international oil moves pass through to Belgian consumers through regulated price updates, according to the FPS Economy.

Opposing perspectives

  1. Energy traders pricing security risk

    Oil traders and refiners focus on supply security. For them, renewed US attacks increase the risk premium because ships, insurers and buyers reassess the reliability of Gulf exports even before physical supply is cut.

  2. Consumer and transport sectors exposed to costs

    Road hauliers, airlines, commuters and heating-oil users focus on the pass-through to bills. Their concern is not the benchmark itself, but whether a short market spike becomes a sustained rise in diesel, petrol, kerosene and freight costs.

Sources & evidence