Sigma Live

Brent Oil Price Rises Further After Attacks on Energy Infrastructure

Published March 19, 2026, 08:16
Brent Oil Price Rises Further After Attacks on Energy Infrastructure

The price of Brent crude oil rose by 5% in Asian trading, following attacks on energy infrastructure in Iran and Qatar. The price of a barrel of Brent reached $112.77, the highest level since March 9, while West Texas Intermediate (WTI) rose by 2.67% to $98.89. These attacks are intensifying fears of disruption to oil and gas supplies, leading to rising prices. The situation is exacerbated by geopolitical tensions in the region and uncertainty about energy security. The rise in oil prices is expected to have implications for the global economy and consumers.