Close
MyNorthwest
News
Opinion
Sports
Tools
Connect

WORLD

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

Associated Press's Profile Picture

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.

Please follow our Community Guidelines

World

Demonstrators gather to protest following Israeli Prime Minister Benjamin Netanyahu's address at th...

Associated Press

UN adds 61 companies to settlements blacklist over alleged Palestinian rights violations

GENEVA (AP) — The U.N. human rights office on Friday said it added 61 more companies to a blacklist of firms that it says are involved in violating Palestinian human rights through business ties to Israeli settlements in the occupied West Bank. The vast majority of the total 214 companies, which are based in 11 […]

5 hours ago

FILE - Israel's Prime Minister Benjamin Netanyahu listens during a news conference with President D...

Associated Press

An isolated Netanyahu takes UN stage as he seeks reelection at home

JERUSALEM (AP) — Israeli Prime Minister Benjamin Netanyahu began the year declaring that he stood “shoulder to shoulder” with U.S. President Donald Trump as the two countries launched a war against Iran. But this week, as world leaders gather in New York for the United Nations General Assembly, there are no plans for the two […]

1 day ago

Associated Press

Offshore Hurricane Polo sends rain into Mexico’s coast as Nolo nears Hawaii

MEXICO CITY (AP) — Powerful Hurricane Polo sent bands of heavy rain across Mexico’s Pacific coast Thursday as a growing Tropical Storm Nolo approached Hawaii with the potential for catastrophic flooding. Polo was forecast to maintain Category 5 strength as it skirts Mexico’s coast over the next few days. Rain and strong winds had already […]

2 days ago

A gull flies overhead as a boy stands with his bicycle on a beach overlooking commercial vessels an...

Associated Press

Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting

FRANKFURT, Germany (AP) — When Iran shut down the Strait of Hormuz at the start of the war, choking off sea passage for some 15 million barrels of oil a day, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant, and analysts say […]

2 days ago

FILE - President Donald Trump, center left, shakes hands with Javier Milei, President of Argentina,...

Associated Press

US will make up to $7 billion in loans to help Trump ally Milei tap Argentina’s oil and minerals

BUENOS AIRES, Argentina (AP) — The Trump administration said Wednesday it would set aside $7 billion for loans to support energy, mining and infrastructure projects in Argentina, its latest move to secure energy and critical minerals closer to home and back the South American country’s libertarian president. The U.S. Export-Import Bank, a federal agency, would […]

2 days ago

FILE - People take part in a march ending in front of the US consulate, under the slogan, Greenland...

Associated Press

Trump’s push to acquire Greenland almost broke NATO. The winner of it all may be … Greenland

BERLIN (AP) — In the end, it was all kisses and laughter as President Donald Trump hailed his “fantastic” relationship with Denmark and Greenland after signing a new security deal that America’s European allies hope will close one of the most dangerous chapters in transatlantic relations. Trump’s territorial ambitions over Greenland almost broke the NATO […]

2 days ago

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