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Finance02 April, 20261 min read

Brent Crude Surges 59% in March as Strait of Hormuz Closure Chokes Global Energy

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Brent crude tops $115 a barrel on Hormuz closure fueling sustained price gains. Brent up about 59% since March start, on track for historic monthly gain.

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Brent Crude Surges 59% in March as Strait of Hormuz Closure Chokes Global Energy
Image: نورنیوز

Oil Prices Spike

Brent crude prices surged past $115 per barrel. This marked a 59% gain in March, the largest monthly rise on record. OPEC production fell by 7.3 million barrels per day.

Reporting for this sectionاقتصاد جورنال

Strait of Hormuz Impact

Iran's blockade has sent shockwaves through global markets.

The Indian government confirmed two LPG carriers safely passed through.

Image from اقتصاد جورنال
Image: اقتصاد جورنال

War Fuels Market Volatility

The Nikkei index slid.

European shares opened lower.

U.S. Treasuries yields rose sharply.

Reporting for this sectionfirstonline.info

Experts Warn of Prolonged Crisis

Analysts warned the conflict could lead to sustained high energy prices.

Brent futures were priced above $100 through July.

Image from Jarida Habi
Image: Jarida Habi
Reporting for this sectionخبرگزاری آناخبرپو