Key oil price spikes over $100 as Iranian attacks hit shipping

Published on: 03/12/2026

This news was posted by Oregon Today News

Description

A woman sits on rubble across from a residential building damaged last Monday during the U.S.-Israeli air campaign in Tehran, Iran, Thursday, March 12, 2026.

The price of Brent crude oil, the international standard, spiked back over $100 as Iranian strikes hit ships in the region’s waters and the ongoing American-Israeli war with Iran showed no signs of slowing.

News Source : https://www.oregonlive.com/nation/2026/03/key-oil-price-spikes-over-100-as-iranian-attacks-hit-shipping.html

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