
Mar 16, 2026
Daily (16.03.2026): Geopolitical risk kept Brent crude over $100 per barrel on Friday
Oil markets advanced on Friday, with Brent staying above $100 per barrel as the closure of the Strait of Hormuz in the Iran war stoked fears of severe supply disruptions and an inflationary shock. Market relief measures, including the IEA’s record reserve release and US plans to permit some Russian crude purchases, failed to calm sentiment. ...















