06.03.2026 20:20
The price of Brent crude oil reached $90.25 per barrel in international markets, hitting its highest level since April 20, 2024. Increasing regional conflicts and security concerns have led to disruptions in production and exports, causing prices to rise.
The futures price of Brent crude oil has exceeded 90 dollars in international markets.
BRENT CRUDE OIL AT ITS HIGHEST LEVEL SINCE APRIL 2024
Yesterday, the closing price of Brent crude oil was 85.41 dollars, and as of 16:54 today, it has seen an increase of approximately 5.67% to 90.25 dollars compared to the closing price. Thus, the price of Brent crude oil has reached its highest level since April 20, 2024.
The attacks by the US and Israel on Iran and Iran's retaliations targeting US bases and Israel in the region continue on their seventh day.
CONTAINER GIANTS SUSPEND TRANSPORTATION TO THE MIDDLE EAST
Increasing conflicts in the region have brought traffic in the Strait of Hormuz, which is critical for global energy trade, to a standstill, while attacks on Iran's energy facilities have led to disruptions in production and exports. This situation has caused rapid increases in oil prices.
Two of the world's largest container shipping companies, Denmark's Maersk and Germany-based Hapag-Lloyd, have temporarily suspended two shipping routes to the Middle East for security reasons.
"OIL PRICES COULD RISE TO 150 DOLLARS"
Statements by Qatar's Minister of Energy Saad bin Sherida al-Kaabi, reported in the international press, indicated that Gulf countries could halt energy exports within weeks, which could drive oil prices up to 150 dollars per barrel, also supported the upward movement of prices.
Major General Ibrahim Jabbari, advisor to the Commander of the Islamic Revolutionary Guard Corps, announced on the night of March 2 on Iranian state television that no ships would be allowed to pass through the Strait of Hormuz, and that ships attempting to do so would be targeted.
While negotiations continue between Tehran and Washington, Israel and the US launched a military attack on Iran on February 28. The futures price of Brent crude oil was at 72.48 dollars at the closing on February 27.