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Brent Oil Surges Past $100 as U.S.-Iran Conflict Escalates


Author: The Daily News Now! March 12, 2026 Duration: 1:18
Podcast episode
Brent Oil Surges Past $100 as U.S.-Iran Conflict Escalates
Orlando News Today | 2 Min News | The Daily News Now!

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Brent crude oil prices skyrocket as U.S.-Israel conflict with Iran escalates, causing global energy market turmoil. Iranian attacks on commercial ships and Iraqs port of Basra, along with Israeli strikes on Iranian nuclear sites, have resulted in a heavy toll. The U.S. has spent over eleven billion dollars and lost seven soldiers, while eight remain severely injured. The U.S. plans to release millions of barrels from its reserves to alleviate fuel price increases, with Defense Secretary Pete Hegseth warning of intensifying airstrikes inside Iran.

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