Today: March 3, 2026
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March 3, 2026
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A barrel of Brent oil exceeds $85

A barrel of Brent oil exceeds $85

The oil prices continue to skyrocket on Tuesday, as the market fears that the iran war last a long time, which would cause significant interruptions in supply, with the Strait of Hormuz impassable and the affected energy infrastructures.

  • Around 11:30 GMT on Tuesday, the price of a barrel of North Sea Brent for delivery in May rose 7.94% to 83.91 dollarsminutes after reaching the $85.12its highest level since July 2024.
RELATED

US crude oil rises

Its US equivalent, the barrel of West Texas Intermediate for delivery in April, advanced 7.36% to $76.47.

TOPICS –

  • Oil
  • dollars
  • War
  • Iran
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