local
Oil prices jump as fighting flares in the Middle East, while Asian shares are mixed
By Elaine Kurtenbach, Associated Press at KSAT 12 (ABC affiliate)
· July 14, 2026
· 3 min read
Oil prices surged Tuesday as fighting intensified in the Middle East, while world shares were mixed after markets in Tokyo and Seoul rebounded from early losses. The price of Brent crude climbed 4.1% to $86.73 a barrel after soaring nearly 10% on Monday. U.S. benchmark crude was up 3.1% at $80.55...
Key takeaway 73 a barrel after soaring nearly 10% on Monday.
Why this matters in The San Antonio
For San Antonio , the surge in oil prices due to Middle East instability has direct implications for the local economy, particularly in the transportation sector. As fuel prices rise, costs for trucking and delivery services will likely increase, potentially affecting the prices of goods and commodities in the city. This could have a ripple effect on local businesses, especially small retailers and restaurants that rely on timely and affordable delivery of supplies. Furthermore, with a significant portion of San Antonio's workforce commuting to work, higher fuel prices could also lead to increased costs for residents, potentially affecting their disposable income and spending habits. As the situation in the Middle East continues to unfold, San Antonio residents and businesses should be prepared for potential price fluctuations and adjust their budgets accordingly. The city's economic development strategies may also need to consider the impact of rising oil prices on local industries and residents.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 14, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? Oil prices surged Tuesday as fighting intensified in the Middle East, while world shares were mixed after markets in Tokyo and Seoul rebounded from early losses. The price of Brent crude climbed 4.1% to $86.73 a barrel after soaring nearly 10% on Monday. U.S. benchmark crude was up 3.1% at $80.55...
When was this published? This article was first published on July 14, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Elaine Kurtenbach, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
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