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Crude oil prices jump over 4 per cent amid US-Iran tensions and supply worries
Updated On: 24 March, 2026 12:20 PM IST | Mumbai | mid-day online correspondent
Global crude oil prices jumped over 4 per cent on Tuesday despite a temporary pause on US strikes against Iran, with Brent at USD 104 and WTI at USD 92. Prices have surged sharply this month amid geopolitical tensions and supply concerns, while analysts raise 2026 forecasts
-1774329753132_d.png "Crude oil prices jump over 4 per cent amid US-Iran tensions and supply worries")
Global oil has reportedly hit new highs in March. Representational Image
Global crude oil prices jumped more than 4 per cent in early trading on Tuesday, even after US President Donald Trump announced a temporary pause on planned strikes targeting Iran’s energy infrastructure.
Brent crude rose to around USD 104 per barrel, up about 4 per cent, while US West Texas Intermediate (WTI) futures climbed 4.39 per cent to USD 92 in early trade today.
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