Line chart of Brent crude oil prices from Jan. 2, 2025 to March 8, 2026 showing prices fluctuating mostly between $60 and $80 before surging sharply in early March 2026 after U.S.–Israel strikes on Iran. Brent rises above $100 per barrel, reaching about $108.5, the highest level in over three years.
Brent crude oil prices surge past $100 per barrel in early March 2026 after U.S.–Israel strikes on Iran as shipping traffic in the Strait of Hormuz plunges to historic lows.
Latest on the oil price surge: wp.me/p3AV1k-2QS
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