US EditionOil Prices Surge Amid Middle East Conflict for First Time Since 2022
Global oil prices exceeded $114 per barrel due to Iran conflict and U.S. military disruptions, causing fuel prices to rise sharply across multiple countries, analysts said.
- On Monday, March 9, 2026, global oil prices surged past $100 per barrel as the Iran war intensified, threatening Middle East supply and shipping.
- After a U.S.-Israeli strike and attacks across the Middle East last week crippled the Strait of Hormuz, oil markets surged above $100 earlier this week amid supply disruptions.
- Retail fuel data show ProMiles.com listed $4.244 per gallon and AAA reported a national diesel average of $4.656 on March 9, with some regional pump prices rising over $1 per gallon last week.
- Policy responses included a G7 emergency meeting and Serbia suspending exports, with Amin Nasser warning, 'While we have faced disruptions in the past, this one by far is the biggest crisis the region's oil and gas industry has faced.'
- Forecasts hinge on the conflict's duration and seasonal shifts, with one industry analyst noting the Iran conflict length will determine prices, while Bobby Griffin and Tom Kloza warn spring and summer fuel blends may keep pump prices elevated.
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Fuel prices spike as oil hits highest level since 2022
Recent fuel reports showed a price increase of more than $1 per gallon in some regions compared to the previous week. U.S. military action against Iran has disrupted oil and gas facilities and shipping throughout the Middle East. As of Monday, March 9, oil prices were at the highest level since 2022. ProMiles.com listed a national per-gallon average of $4.244, while AAA reported a national diesel average of $4.656 on March 9. Fuel prices are upd…
Oil prices surge amid Middle East conflict for first time since 2022
The Iran crisis has sent oil prices surging, and the G7 finance ministers are meeting later today to discuss possibly releasing strategic oil reserves to stabilise oil prices. The Brent oil barrel has reached its highest price since the Russian invasion of Ukraine. Solange Mougin has more on the factors that can make the price of the barrel fluctuate.
Proceso Digital
elperiodicodelaenergia.comThe average price of unleaded gasoline in the United States reached about $3.54 per gallon (3.85 liters), the highest level since mid-2024, due to problems in the global supply of oil due to the conflict between the United States and Israel with Iran, reported the American Automobile Association (AAA).The entry Gasoline in the United States exceeds $3.50 per gallon, its highest level since 2024 was first published in Digital Process.
The benchmark oil price has crossed $110 a barrel for the first time since 2022, as the war in the Middle East continues for a tenth day. Iranian missile shot down
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