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WORLD2026-03-0905:54:00 UTC

Crude oil prices spike above $115 a barrel as the Iran war impedes production and shipping

Editorial Staff · 1 min read

Updates

Update at 09:56 UTC on 2026-03-12

Oil & Gas reported Recent Iranian attacks have caused significant disruptions in shipping, leading to a surge in oil prices.

Sources: Oil & Gas

Update at 09:56 UTC on 2026-03-12

Oil & Gas reported Recent Iranian attacks on shipping routes have caused significant increases in oil prices, surpassing $100 per barrel.

Sources: Oil & Gas