International oil prices have once again surpassed the $100 per barrel threshold

LightningPacketLoss · 2026-03-16T11:22:08+00:00

Due to geopolitical tensions triggered by U.S. and Israeli strikes on Iran, international crude oil futures prices broke through $100 per barrel again on March 15th. New York light sweet crude oil rose to a high of $101.32 per barrel, while London Brent crude oil reached $106.17 per barrel at one point.

LightningPacketLoss

2026-03-16 11:22:08

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Xinhua News Agency, New York, March 15 — (Reporter Shi Chun) Due to the ongoing geopolitical tensions caused by the US and Israel’s attacks on Iran, international crude oil futures prices once again broke through the $100 per barrel mark on the evening of the 15th at the start of a new trading week. As of 7:50 p.m. Eastern Time on the 15th, the highest price for NYMEX light crude oil futures for April delivery rose to $101.32 per barrel; the May delivery Brent crude oil futures in London briefly increased to $106.17 per barrel.

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