Monday 30 March 2026 – 01:43 PM
rose Oil prices In Monday’s trading, as Brent crude oil is heading for record monthly gains, supported by a new military escalation after the Yemeni “Houthi” group attacked Israel over the weekend; To expand the scope of the regional conflict in Iran.
Oil consolidates its gains and trades above $115 today
Brent crude futures for May delivery rose 2.4%, or $2.68, to $115.25 per barrel.
US Nymex crude contracts for May delivery increased by 1.9%, or $1.87, to $101.51 per barrel, after touching $103.38.
Brent crude oil recorded an increase of more than 50% this month, which is the highest monthly increase in its history, exceeding the gains recorded in 1990. This rise comes after the conflict with Iran effectively closed the Strait of Hormuz, the shipping lane through which a fifth of the world’s oil and gas supplies pass.
Vandana Hari, founder of Vanda Insights, an oil market analysis company, explained that the market has completely ruled out the possibility of reaching a negotiated end to the war at the present time, despite US President Donald Trump’s statements about the existence of “direct and indirect” talks with Tehran, according to Reuters.
