Brent crude oil price hits record highs: How President Trump is trying to control exploding crude oil and gas prices in USA amid Iran war crisis — Is Russia back in the game?

Brent crude oil price has surged sharply to $106–$111 per barrel, while WTI crude oil is hovering near $97–$100 and natural gas prices have jumped over 6% to $3.26, reflecting one of the most intense global energy shocks in years. At the same time, gas prices today in the United States have climbed to $3.842 per gallon, up 31% in just a month, marking the biggest spike in three decades. The sudden jump in crude oil prices today is directly linked to the Iran war crisis, which has disrupted supply routes through the Strait of Hormuz, a key artery carrying nearly 20% of global oil supply.

The Iran war crisis has triggered one of the largest energy disruptions in decades, severely impacting Gulf oil and gas production. Estimates suggest that nearly 10 million barrels per day (bpd) of oil supply has been disrupted, accounting for roughly 10% of global output. Oil exports from the region have dropped sharply, falling from around 25 million bpd to nearly 10 million bpd, highlighting the scale of the supply shock. Key producers like Saudi Arabia, Iraq, the UAE, and Kuwait have all reported significant production cuts due to escalating tensions and infrastructure risks.

The gas market is also under pressure. Critical LNG facilities, especially in Qatar’s Ras Laffan and North Field, have faced disruptions, putting nearly 20–25% of global LNG supply at risk. Since a large portion of global natural gas shipments passes through the Strait of Hormuz, any disruption in this route has immediate global consequences. This has pushed natural gas prices higher and added to the overall energy market volatility, intensifying the impact on both developed and emerging economies.


Russia has attempted to step in and ease the supply gap, but its contribution remains limited compared to the scale of disruption. Additional Russian exports, particularly to Asian markets, are estimated at around 600,000 barrels per day, which offsets only about 5–6% of the total Gulf supply loss. While this has provided some short-term relief, it is far from enough to stabilize global markets. The significant gap between disrupted supply and replacement output continues to drive the surge in Brent crude oil price and rising gas prices today.

One of the most significant Trump oil price policies is the release of 172 million barrels from US reserves. This move is part of a broader plan coordinated with the International Energy Agency, which aims to inject 400 million barrels into the market. Another major step in Trump oil price policies includes easing restrictions on global oil trade. The administration temporarily lifted certain sanctions on Russian oil, allowing shipments already in transit to reach markets.

This move aims to increase global supply quickly. However, it has sparked criticism, as it indirectly benefits Russia despite ongoing geopolitical tensions.

With midterm elections approaching, Donald Trump faces mounting pressure. His administration’s moves reflect urgency, but markets remain volatile.

Why Brent crude oil price is surging today amid Iran war and supply disruption

The Brent crude oil price surge is not random. It is driven by a clear and powerful trigger—geopolitical disruption. The Iran war has escalated tensions across the Middle East, directly impacting global oil supply chains. Attacks on critical energy infrastructure, including gas fields and export terminals, have tightened supply expectations almost overnight.

The Strait of Hormuz remains the biggest pressure point. Every day, millions of barrels of crude oil pass through this narrow route. When threats or blockades emerge, markets react instantly. That is exactly what has pushed Brent crude price above $100 and kept crude oil prices today under sustained pressure.

Moreover, natural gas prices have also surged due to disruptions in LNG supply, especially from Qatar. This adds another layer of pressure on global energy markets. The combination of oil and gas disruption has created a cascading effect, driving Brent crude oil price higher and keeping volatility elevated.

How Trump policies are trying to control Brent crude oil price and gas prices today

President Trump has responded quickly to the Brent crude oil price surge with multiple policy actions. One of the most significant steps has been the release of 172 million barrels from the Strategic Petroleum Reserve, part of a broader global effort coordinated with international partners.

At the same time, the administration has issued a temporary waiver of the Jones Act. This move allows foreign ships to transport oil between U.S. ports, aiming to ease domestic supply constraints and stabilize gas prices today. While this may improve logistics, experts believe it will only have a limited short-term impact on crude oil prices today.

Trump has also pushed U.S. oil producers to increase output. The United States remains the world’s largest oil producer, largely due to shale production. However, ramping up production takes time, and it cannot immediately offset global supply shocks.

These measures show intent, but they also highlight a limitation. Brent crude oil price is influenced by global forces, not just domestic policy. As long as geopolitical tensions remain high, controlling crude oil prices today will remain a challenge.

Is Russia back in the game as crude oil prices today surge?

One of the most controversial aspects of Trump’s strategy is the partial easing of oil-related sanctions on Russia. The administration has allowed certain shipments of Russian crude oil already in transit to reach global markets. This decision aims to increase supply and reduce pressure on Brent crude oil price.

However, this move has sparked debate. Russia’s economy heavily depends on oil exports. When crude oil prices today rise, Russia benefits financially. By allowing more Russian oil into the market, the U.S. is indirectly helping stabilize global supply—but also easing pressure on a sanctioned economy.

So, is Russia back in the game? In a limited sense, yes. Higher Brent crude price and relaxed restrictions provide Russia with an opportunity to regain some influence in global oil markets. However, long-term structural challenges and ongoing sanctions still restrict its full return.

This situation creates a complex dynamic. While the U.S. is trying to control crude oil prices today, it is also reshaping global energy alliances in real time.

Why gas prices today continue rising despite efforts to control Brent crude oil price

Despite all interventions, gas prices today continue to climb. This highlights a fundamental reality—fuel prices are tied to global oil markets, not just domestic supply.

When Brent crude oil price rises, refining costs increase. This directly impacts gasoline and diesel prices. Even if the U.S. releases reserves or boosts production, it cannot fully insulate itself from global price movements.

Additionally, supply chain disruptions, shipping delays, and refining capacity constraints further push prices higher. Natural gas prices are also rising due to LNG shortages, adding pressure on energy costs across sectors.

As a result, consumers are feeling the impact immediately. Higher gas prices today are affecting transportation, agriculture, and overall inflation. Until crude oil prices today stabilize, relief at the pump will remain limited.

What happens next to Brent crude oil price, crude oil prices today, and global energy markets?

The future of Brent crude oil price depends heavily on how the Iran war crisis evolves. If tensions escalate further, crude oil prices today could continue rising, potentially crossing new highs. This would also push gas prices today even higher.

On the other hand, if diplomatic efforts succeed and supply routes reopen, Brent crude price may stabilize. However, recovery may not be immediate. Damage to infrastructure and lingering uncertainty could keep prices elevated for some time.

Another key factor is global coordination. Actions by major oil producers, international agencies, and geopolitical players will shape the trajectory of crude oil prices today. The role of Russia, OPEC nations, and emerging suppliers will also be critical.