Oil Price Spikes Back to Over $90 Amid Ongoing Impacts on Strait of Hormuz

Tekedia | 28-03-2026 12:41pm |

Oil prices have spiked sharply in recent weeks, with benchmarks frequently trading above $90 per barrel and often well into triple digits at peaks amid the ongoing conflict involving Iran. WTI (U.S. crude): Hovering around $90–94 recently, with intraday moves pushing it above $94 on some sessions. Brent (international benchmark): Trading in the $100–107 range,

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