US EditionU.S. Oil Futures Close Above $100 for the First Time Since 2022
Crude prices surged over 50% in March as US-Israel conflict with Iran threatens key oil routes and supply, with Brent crude hitting $116, Deutsche Bank said.
- On Monday, oil prices surged as Brent crude rose 3.5% to $116.5 a barrel and WTI climbed 2% to $101.7, marking the first time WTI closed above $100 since 2022.
- Crude oil prices have surged more than 50% in March following the US-Israeli war against Iran, while Iran-backed Houthi militants in Yemen joined the conflict Saturday, threatening critical shipping routes.
- President Donald Trump told the Financial Times he wants to "take the oil in Iran" and seize Kharg Island, which handles about 90% of the country's exports, though he also noted "very good" negotiations with Tehran.
- Foreign ministers from Pakistan, Saudi Arabia, Egypt, and Turkey gathered Sunday for "very productive" talks, and Foreign Minister Ishaq Dar confirmed Pakistan will facilitate upcoming United States-Iran negotiations in the coming days.
- Jim Reid, head of global macroeconomic research at Deutsche Bank, wrote Monday that investors remain fearful about fresh escalation as there is still no sign of a clear end to the conflict.
19 Articles
19 Articles
International oil prices rose sharply due to factors such as U.S. President Donald Trump's threat that the U.S. would devastate Iran's oil fields, power plants, and Kharg Island if the Strait of Hormuz is not reopened. West Texas Intermediate (WTI) surpassed $100 per barrel for the first time since July 2022, while Brent crude surged to approximately $117 per barrel during trading. Although the New York stock market briefly showed an upward tren…
Brent oil (the world reference) with winning in May was higher than 0.18% and WTI (the American reference) with expected delivery for the same month increased by 3.25%
US oil settles above $100 for first time since 2022 after Trump says he wants to ‘take the oil’ in Iran and Houthis join war
Oil prices rose Monday, with US crude oil settling above $100 per barrel for the first time since July 2022, after comments by President Donald Trump and strikes against Israel by Iran-backed Houthi rebels deepened fears that the Middle East conflict may escalate further.
US Crude Oil Settles Above $100 for First Time Since 2022
US oil prices ended Monday’s session above $100 a barrel for the first time since the US and Israel launched a war against Iran, with President Donald Trump threatening further escalation of attacks, including on critical energy infrastructure.
Coverage Details
Bias Distribution
- 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
