Oil prices eclipsed $114 per barrel for the first time since 2022 on Monday (March 9, 2026) as the Iran war intensified, threatening production and shipping in West Asia.
The price for a barrel of Brent crude, the international standard, surged past $114 after trading resumed on the Chicago Mercantile Exchange. That was up 23% from its Friday (March 6) closing price of $92.69.
Crude oil prices surpass $100 a barrel as Iran war impedes production and shipping
Crude oil prices exceed $100 per barrel as the Iran war disrupts production and shipping in West Asia.
