Commodity Oil price shoots above the 100 US dollar mark
The price of oil has risen to over 100 US dollars for the first time in years as a result of the Iran war. In early trading, the price of Brent crude, which is the main source of oil in Europe, rose by around 20 percent at times to 111 US dollars per barrel (159 liters).
09.03.2026, 00:19
09.03.2026, 01:08
SDA
Earlier, at the start of trading in Chicago, West Texas Intermediate crude oil, which is the dominant grade in the US, had jumped above the USD 100 mark - a price level last seen in 2022. At times, the price even rose to 111 dollars per barrel.
On Friday, Brent crude oil for delivery in May was still trading at over 90 dollars. Since the start of the Iran war, the increase has now amounted to around 50 percent: at the end of February, the price was still around 70 dollars per barrel. Fuel prices have also risen significantly since then.
The fear of a prolonged closure of the Strait of Hormuz remains a key issue on the oil market. Since the American-Israeli attacks on Iran, hardly any ships have passed through the strait between the Persian Gulf and the Gulf of Oman.
