Event dossier

Brent Oil Trades Near $100 as Iran Vows to Keep Hormuz Closed

Brent crude traded near $100 a barrel following one of the most volatile weeks ever for the oil market, with investors bracing for more upheaval as Iran pledged to keep the vital Strait of Hormuz effectively shut.

1 report1 sourceMar 12, 2026, 10:05 PM
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BloombergMar 12, 2026, 10:05 PM

Brent Oil Trades Near $100 as Iran Vows to Keep Hormuz Closed

Brent crude traded near $100 a barrel following one of the most volatile weeks ever for the oil market, with investors bracing for more upheaval as Iran pledged to keep the vital Strait of Hormuz effectively shut.

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