Israel Iran War · 30 March 2026

Brent Crude Tops $116 Amid Strait of Hormuz Crisis

Robert W Watt via Wikimedia Commons (CC BY-SA 2.0)

Brent crude oil surged past $116 a barrel amid the ongoing Strait of Hormuz crisis, driven by Iran's military standoff with the United States and Israel. Iran's closure of the strategic waterway has disrupted nearly a fifth of global oil and liquified natural gas supplies, triggering warnings of an unprecedented energy crisis from analysts and international agencies.

By BriefTea Editorial · 30 March 2026 at 5:00

Reported by aljazeera.com · How we write briefs

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What is Brent crude? What is the Hormuz crisis? What is the Strait of Hormuz?

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