{"id":216620,"date":"2026-08-24T10:04:58","date_gmt":"2026-08-24T04:34:58","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=216620"},"modified":"2026-08-24T10:04:59","modified_gmt":"2026-08-24T04:34:59","slug":"crude-oil-price-today-august-24-2026-brent-iran-sanctions","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-august-24-2026-brent-iran-sanctions\/","title":{"rendered":"Crude Oil Price Today August 24, 2026: Brent Falls $1.22 to $93.17 Per Barrel as Investors Take Profits Ahead of US Iran Sanctions Announcement"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Crude oil today: Brent $93.17\/bbl (down $1.22, 1.29%). WTI $85.86\/bbl (down $1.20, 1.38%). Profit-taking ahead of new US Iran sanctions. Both up 5%+ last week. Strait of Hormuz risk.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">Crude oil prices fell on August 24, 2026, with Brent crude futures down $1.22 or 1.29% to $93.17 per barrel and US WTI crude at $85.86, down $1.20 or 1.38%. The decline came as investors took profits ahead of an expected US announcement about imposing more sanctions on Iran that may further disrupt Middle East oil supplies. Both contracts had posted their second consecutive weekly gains last week, rising more than 5%, as peace talks between the US and Iran hit a stalemate and capped oil shipments through the Strait of Hormuz.<\/p>\n<\/div>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-august-24-2026-brent-iran-sanctions\/#Crude_Oil_Price_Today_Key_Data_Points\" title=\"Crude Oil Price Today: Key Data Points\">Crude Oil Price Today: Key Data Points<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-august-24-2026-brent-iran-sanctions\/#Why_Is_Oil_Falling_Despite_Iran_Supply_Risk\" title=\"Why Is Oil Falling Despite Iran Supply Risk?\">Why Is Oil Falling Despite Iran Supply Risk?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-august-24-2026-brent-iran-sanctions\/#Impact_on_India_Lower_Oil_Is_Positive_but_Context_Matters\" title=\"Impact on India: Lower Oil Is Positive but Context Matters\">Impact on India: Lower Oil Is Positive but Context Matters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-august-24-2026-brent-iran-sanctions\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-august-24-2026-brent-iran-sanctions\/#What_is_the_crude_oil_price_today_on_August_24_2026\" title=\"What is the crude oil price today on August 24, 2026?\">What is the crude oil price today on August 24, 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-august-24-2026-brent-iran-sanctions\/#Why_is_crude_oil_falling_today_despite_Iran_supply_concerns\" title=\"Why is crude oil falling today despite Iran supply concerns?\">Why is crude oil falling today despite Iran supply concerns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-august-24-2026-brent-iran-sanctions\/#What_is_the_Brent_crude_oil_price_today\" title=\"What is the Brent crude oil price today?\">What is the Brent crude oil price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-august-24-2026-brent-iran-sanctions\/#What_is_WTI_crude_oil_price_today\" title=\"What is WTI crude oil price today?\">What is WTI crude oil price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-august-24-2026-brent-iran-sanctions\/#How_does_falling_oil_price_affect_India_today\" title=\"How does falling oil price affect India today?\">How does falling oil price affect India today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/crude-oil-price-today-august-24-2026-brent-iran-sanctions\/#What_is_the_US-Iran_wars_impact_on_oil_prices\" title=\"What is the US-Iran war&#8217;s impact on oil prices?\">What is the US-Iran war&#8217;s impact on oil prices?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Crude_Oil_Price_Today_Key_Data_Points\"><\/span><strong>Crude Oil Price Today: Key Data Points<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr style=\"background: #1F4E79; color: #ffffff;\">\n<th>Contract<\/th>\n<th>Price ($\/bbl)<\/th>\n<th>Change<\/th>\n<th>Change %<\/th>\n<\/tr>\n<tr>\n<td>Brent Crude Futures<\/td>\n<td>93.17<\/td>\n<td>Down $1.22<\/td>\n<td>Down 1.29%<\/td>\n<\/tr>\n<tr>\n<td>US WTI Crude Futures<\/td>\n<td>85.86<\/td>\n<td>Down $1.20<\/td>\n<td>Down 1.38%<\/td>\n<\/tr>\n<tr>\n<td>Last Week Performance (both)<\/td>\n<td>Up 5%+<\/td>\n<td>Second weekly gain<\/td>\n<td>Supply disruption<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=crude-oil-aug24\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Oil_Falling_Despite_Iran_Supply_Risk\"><\/span><strong>Why Is Oil Falling Despite Iran Supply Risk?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The decline in oil prices today is a classic profit-taking response to a widely anticipated news event. The US-Iran stalemate and Strait of Hormuz supply disruption were already priced into last week&#8217;s 5%+ oil price surge. When markets expect a specific catalyst (today&#8217;s anticipated Iran sanctions announcement), they often price it in advance and then sell the actual event. The structural supply disruption from the US-Iran conflict remains in place, and once profit-taking passes and the actual impact of new sanctions on Iranian oil exports is assessed, oil prices may resume rising if the sanctions prove materially tighter than existing restrictions.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Oil Price Impact on Indian Energy Stocks on Univest<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Impact_on_India_Lower_Oil_Is_Positive_but_Context_Matters\"><\/span><strong>Impact on India: Lower Oil Is Positive but Context Matters<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For India, today&#8217;s 1.29% decline in Brent crude is a mild positive. At $93.17, Brent remains above the level at which India&#8217;s current account is comfortably manageable. However, any sustained decline from recent highs would reduce India&#8217;s monthly crude import bill, ease pressure on oil marketing companies, and support RBI&#8217;s inflation management. Monitor Brent crude and OPEC commentary for further direction this week.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to monitor crude oil and energy sector movements affecting Indian markets.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_crude_oil_price_today_on_August_24_2026\"><\/span><strong>What is the crude oil price today on August 24, 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Brent crude fell $1.22 or 1.29% to $93.17 per barrel. US WTI was at $85.86, down $1.20 or 1.38%. Profit-taking ahead of expected new US Iran sanctions drove today&#8217;s decline.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_crude_oil_falling_today_despite_Iran_supply_concerns\"><\/span><strong>Why is crude oil falling today despite Iran supply concerns?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Oil fell on profit-taking ahead of the expected US Iran sanctions announcement. Markets had already priced in the Iran supply disruption from last week&#8217;s 5%+ rise.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Brent_crude_oil_price_today\"><\/span><strong>What is the Brent crude oil price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Brent crude futures were at $93.17 per barrel on August 24, 2026, down $1.22 or 1.29%. Both Brent and WTI posted second consecutive weekly gains last week, rising more than 5%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_WTI_crude_oil_price_today\"><\/span><strong>What is WTI crude oil price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> US WTI crude was at $85.86 per barrel on August 24, 2026, down $1.20 or 1.38%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_falling_oil_price_affect_India_today\"><\/span><strong>How does falling oil price affect India today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Lower oil on August 24 is mildly positive for India. Brent at $93.17 versus recent highs above $94 slightly reduces India&#8217;s import bill, is positive for oil marketing company margins, and reduces inflationary pressure from energy costs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_US-Iran_wars_impact_on_oil_prices\"><\/span><strong>What is the US-Iran war&#8217;s impact on oil prices?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The conflict disrupted Middle East supply, with the Strait of Hormuz affected. This caused both Brent and WTI to rise more than 5% last week. Today&#8217;s 1.29% decline reflects profit-taking ahead of new sanctions, not a resolution of the underlying supply disruption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil price today August 24: Brent $93.17\/bbl (down $1.22, 1.29%). WTI $85.86 (down 1.38%). Profit-taking ahead of US Iran sanctions announcement. Both up 5%+ last week on US-Iran stalemate.<\/p>\n","protected":false},"author":28,"featured_media":216619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[3802],"class_list":["post-216620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["216619"],"_edit_lock":["1787546103:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["24"],"rank_math_seo_score":["72"],"rank_math_title":["Crude Oil Price Today August 24: Brent Falls $1.22 to $93.17 Ahead of Iran Sanctions Announcement"],"rank_math_description":["Crude oil price today August 24, 2026: Brent falls $1.22 to $93.17 per barrel. WTI $85.86 (down 1.38%). Profit-taking ahead of US Iran sanctions. Both up 5%+ last week on Strait of Hormuz disruption."],"rank_math_focus_keyword":["crude oil price 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