Global oil prices edge higher as war shows no sign of easing
March 31, 2026 08:21 am
Global oil prices continued to climb in early trade in Asia on Tuesday.
The price of US-traded oil jumped by 3% to nearly $106 (£80.52) a barrel.
US oil prices closed Monday’s trading session above $100 a barrel for the first time since the war on Iran started on 28 February. Its also the highest price of US oil since July 2022.
Brent crude - the global benchmark for oil prices - rose to $115 after gaining by more than 2% on Tuesday.
US President Donald Trump has continued to threaten strikes on Iran’s infrastructure if a deal is not reached soon.
Source: BBC
--Agencies
