US Oil Has Nearly Doubled This Year and After Tracking Every Oil ETF These 3 Show Exactly Where the Energy Trade Goes Next

West Texas Intermediate crude has nearly doubled from $57 at the start of 2026 to about $112 a barrel, driven by Iran-related tensions around the Strait of Hormuz. The move reflects a sustained geopolitical risk premium on seaborne barrels, with clear implications for global energy costs and broader inflation pressures.

Analysis

West Texas Intermediate crude has nearly doubled from $57 at the start of 2026 to about $112 a barrel, driven by Iran-related tensions around the Strait of Hormuz. The move reflects a sustained geopolitical risk premium on seaborne barrels, with clear implications for global energy costs and broader inflation pressures.