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Brent crude oil tops $100 a barrel as Iran attacks on shipping worsen supply concerns

Mar 11, 2026, 8:08 PM | Updated: Mar 12, 2026, 6:38 am

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BY ASSOCIATED PRESS


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.

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Brent crude oil tops $100 a barrel as Iran attacks on shipping worsen supply concerns