Politics
Oil prices soar as Iran launches more attacks across the region
Crude prices have spiked to their highest levels in at least 14 years, exceeding $100 per barrel for the first time since 2022.
editorial-staff
1 min read
Updated about 1 month ago
Summary
Summary
- Iran's military actions are impacting oil production and movement.
- Crude prices have reached over $100 per barrel.
- This marks the highest price level in 14 years.
Updates
Update at 10:04 UTC on 2026-03-09
France 24 reported Crude oil prices have hit their highest levels since Russia's full-scale invasion of Ukraine in 2022, with a significant spike affecting the U.S. economy.
Sources: France 24
Update at 11:58 UTC on 2026-03-09
Yahoo Finance reported Rising tensions in the Middle East drive oil prices to their highest levels in over a year.
Sources: Yahoo Finance