Oil price today: Why did Brent surge above $100 as WTI jumps 5% after Hormuz crisis—and could oil reach $200?

The Times of India - 12 Mart 2026

Oil price today: Why did Brent surge above $100 as WTI jumps 5% after Hormuz crisis—and could oil reach $200?

Oil price today: Global oil markets are suddenly on edge. Brent crude briefly surged above $100 per barrel, the highest level in over a year. Around 20% of the world’s oil supply moves through this narrow waterway, making any disruption a major shock to globa…

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