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

The ongoing conflict in Iran has led to a significant increase in crude oil prices, surpassing $115 per barrel.

by Editorial Staff|Mar 9, 2026|1 MIN READ|WORLD

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