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Brent crude surges 11% over week, 42% since Iran war began

World News

13-03-2026 | 15:31

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Brent crude surges 11% over week, 42% since Iran war began

The price of a barrel of Brent crude has soared by more than 42 percent since U.S.-Israeli strikes on Iran plunged the oil-rich Middle East into war, market data showed Friday.

The cost of Brent, the international benchmark for oil, has surged from $72.48 on February 27 to $103.14 at Friday's close. This also marked an 11 percent rise over the week.

The West Texas Intermediate, meanwhile, has rocketed more than 47 percent since the start of the conflict, to $98.71.

AFP

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