Oil Prices Surge 4.62% to $88.12 on Escalating War Fears

On July 20, 2026, Brent Crude closed at $88.12, up 4.62% due to concerns over supply disruptions from escalating conflict in Iraq. West Texas Intermediate also saw an increase of 4.46%, closing at $82.47. The Nasdaq fell by 1.40% to 25,520, influenced by a rotation from semiconductor stocks and ongoing inflation concerns. For investors, the rise in oil prices could signal changes in energy market dynamics and impact inflation rates going forward.