Oil Climbs Above $100 as War in Middle East Drives Supply Fears

Author: Zayneb ElasraouiPublished on: April 13, 2026Country: United States

Business & Economy

Oil Climbs Above $100 as War in Middle East Drives Supply Fears

Oil prices surged on Monday, climbing above $100 per barrel due to escalating tensions between the United States and Iran. Brent crude rose over 7% to just above $102, while West Texas Intermediate approached $104. This price increase followed President Donald Trump's announcement of a blockade targeting Iranian ports, heightening fears of disruptions in a region critical to global energy flows.

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