The price of oil surged after attacks on key energy facilities in the Middle East, including Iran’s targets in Qatar and a major gas field in Iran itself. This has raised concerns about the potential impact of the ongoing conflict. Key statistics show Brent oil up 7.2% to over $115 per barrel, while West Texas Intermediate also rose as much as $97. European natural gas prices saw significant gains of nearly 35%.
Source: https://www.bloomberg.com/news/articles/2026-03-18/latest-oil-market-news-and-analysis-for-march-19