Brent Low Oil Tops $100 a Barrel as Iran Assaults Birth
AP
12 March 2026 9:32 AM IST12 March 2026 9:32 AM IST
Oil costs shot more than 9% elevated as supply concerns worsened with Iranian assaults on industrial shipping across the Strait of Hormuz
A fuel tanker passes the Mobil fuel distribution centre in the Melbourne suburb of Yarraville as the requires and costs of petrol and diesel cruise attributable to the Center East war. (William WEST / AFP)
BANGKOK: The worth of a barrel of Brent coarse oil, the international abnormal, topped $100 a barrel early Thursday, apt days after it spiked finish to $120.
Oil costs shot more than 9% elevated as supply concerns worsened with Iranian assaults on industrial shipping across the Strait of Hormuz.
U.S. benchmark coarse oil jumped to about $95 a barrel.
The most contemporary assaults marked an escalation in Iran’s marketing and marketing and marketing campaign aimed at generating sufficient international economic distress to strain america and Israel to total the battle that began 12 days previously. But there were no indicators that the war used to be subsiding.
( Source : AP )
