
Brent Crude Oil Tops $100 a Barrel as Iran Attacks on Shipping Worsen Supply Concerns
Mar 12, 2026·1 min read
BANGKOK (AP) — The price of a barrel of Brent crude oil, the international standard, topped $100 a barrel early Thursday, just days after it spiked near $120.
Oil prices shot more than 9% higher as supply concerns worsened with Iranian attacks on commercial shipping around the Strait of Hormuz.
U.S. benchmark crude oil jumped to about $95 a barrel.