World
Oil Prices Soar as Iran-US Tensions Escalate: Global Markets React
April 1, 2026
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Tensions between the US and Iran have caused a major spike in global oil prices, with Brent crude jumping 64% in March. Experts weigh in on the market impact and potential resolution of the conflict.
Global markets have reacted sharply to the ongoing tensions between the United States and Iran, with the price of Brent crude oil to be delivered in May rising by a record 64% in March as the conflict disrupted energy supplies. The sudden price surge has sent shockwaves through the international economy, prompting concerns about the potential for further escalation.
Despite President Trump's suggestion that the conflict could end
Source: BBC News
