The war in Iran is pushing oil prices towards USD 100 per barrel.
95% confidence
EconomyInternational
Omissions
The specific claim that oil was 'towards USD 100' was conservative; actual prices on March 11, 2026 reached highs between $101-119 per barrel depending on the benchmark.
The conflict involves not only Iran but also US-Israel involvement and Houthi attacks in Yemen affecting the Strait of Hormuz.
Sources
SecondaryBBCBrent crude oil rose back above $100 a barrel as the direction of the US-Israel war in Iran remained unclear
SecondaryThe GuardianOil broke the $100 mark on Monday, soaring as much as 29% to hit a peak of $119 before settling
SecondaryTimes of IndiaBrent crude rose above $101 per barrel soon after markets opened, while WTI crude climbed to around $107 per barrel
SecondaryAOL FinanceU.S. crude oil jumped as high as $117.63 per barrel; International Brent crude oil rose to as high as $117+ per barrel
SecondaryCountry EconomyBrent oil stood at $102.01 a barrel in March 2026, compared with $70.89 the previous month