Trending Now - Global Oil Prices Surge to $100 Amid Supply Crisis and Geopolitics

WHO:

Iran, United States, Israel

WHAT:

Oil prices are experiencing the largest supply disruption in history due to the ongoing conflict.

The price of Brent crude oil has topped $100 a barrel again, just days after it spiked near $120.

Oil prices increased by more than 9% due to worsening supply concerns.

U.S. benchmark crude oil rose to about $95 a barrel.

The price of Brent crude oil topped $100 a barrel early on Thursday, March 12th, 2026.

Oil prices increased by more than 9% due to worsening supply concerns.

U.S. benchmark crude oil rose to about $95 a barrel.

The price of Brent crude oil topped $100 a barrel.

Oil prices increased by more than 9%.

U.S. benchmark crude oil rose to about $95 a barrel.

The price of Brent crude oil spiked near $120 just days prior.

WHERE:

Strait of Hormuz

WHEN:

The conflict has been ongoing for 12 days as of March 12th, 2026.

The price increase occurred on Thursday, March 12th, 2026.

WHY:

The Iranian attacks on shipping are part of a strategy to generate significant global economic pain to pressure the United States and Israel to end the war that started on March 1st, 2026.

Iranian attacks on commercial shipping are part of a campaign to generate global economic pain to pressure the United States and Israel to end the ongoing conflict that started 12 days ago.

Iranian attacks on commercial shipping are part of a campaign to generate global economic pain to pressure the United States and Israel to end the ongoing conflict.

Iranian attacks on commercial shipping are aimed at generating global economic pain to pressure the United States and Israel to end the ongoing conflict.

HOW:

The latest attacks marked an escalation in Iran’s campaign, with no signs of the conflict subsiding.

Iranian attacks on shipping intensified in the Strait of Hormuz, worsening supply concerns.

(UPDATED March 13, 2026 01:23 UTC)

Oil prices are facing the largest supply disruption in history as a result of the ongoing conflict. This turmoil has been fueled by Iranian attacks on shipping, which are aimed at creating significant global economic pain to pressure the United States and Israel to end the war that began on March 1, 2026. The situation continues to evolve as the conflict escalates and impacts markets worldwide.

(UPDATED March 12, 2026 19:17 UTC)

Brent crude oil prices have surged past $100 a barrel again, just days after nearing $120, driven by a more than 9% increase due to worsening supply concerns. This spike is linked to Iranian attacks on commercial shipping, which are part of a broader strategy to inflict economic pain on the U.S. and Israel amid the ongoing conflict that began 12 days ago. The latest attacks represent a significant escalation in Iran's campaign, with no indications that the situation is calming down.

(UPDATED March 12, 2026 15:12 UTC)

Today, Brent crude oil prices have surged past $100 a barrel, reflecting a more than 9% increase driven by escalating supply concerns. This spike comes as Iranian attacks on commercial shipping intensify, aiming to create global economic pressure on the United States and Israel amid the ongoing conflict. With no signs of de-escalation, U.S. benchmark crude oil has also risen to around $95 a barrel.

(UPDATED March 12, 2026 05:23 UTC)

Today, the price of Brent crude oil has surged past $100 a barrel, marking an increase of more than 9%, while U.S. benchmark crude oil is now around $95 a barrel. This spike follows a recent peak near $120 just days ago, driven by intensified Iranian attacks on commercial shipping in the Strait of Hormuz, which aim to create global economic pressure on the United States and Israel amid an ongoing conflict that has lasted 12 days. The situation escalated further on Thursday, March 12, 2026, as supply concerns continue to mount.