Global Cues Drive Crude Futures to Rs 9,171/Barrel; Brent Reaches USD 106

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Crude Futures Soar to Rs 9,171/Barrel Amid West Asia Tensions; Brent Hits USD 106

Representational image (Image: News18)

N

News18•16-03-2026, 14:30

Crude Futures Soar to Rs 9,171/Barrel Amid West Asia Tensions; Brent Hits USD 106

•Crude oil futures for March delivery on MCX rose by Rs 119 to Rs 9,171 per barrel.
•Brent Oil futures climbed to USD 105.96 per barrel, while WTI reached USD 99.13.
•Escalating tensions in West Asia, particularly around the Strait of Hormuz, fuel supply concerns.
•US explores options to restore shipping; EU encourages naval mission redirection for oil/gas shipments.
•Recent US-Israel airstrikes on an Iranian export terminal sparked retaliation threats, heightening geopolitical risks.

Read Full Article on News18 in English

✦

More like this

✦

More like this

Tankers and container ships are avoiding the waterway after insurers cancelled coverage for vessels and global oil and gas shipping rates soared

Oil Prices Soar: Brent Hits 19-Month High Amid Widening Iran Conflict, Supply Fears

Iran war drives up oil prices to $100 a barrel. File/Reuters

Oil Nears $100: Hormuz Attacks Ignite Market Fears Despite IEA Reserve Release

Representational image (Image: News18)

Crude Oil Futures Soar Rs 460 Amid Geopolitical Tensions, Strait of Hormuz Disruptions

Oil Prices Soar to Six-Month Highs Amid US-Iran Conflict Fears

Oil Prices Soar to Six-Month Highs Amid US-Iran Conflict Fears

Crude Oil Surges: Iran Crisis Fuels Price Hike, Domestic Market Pressure Looms

Crude Oil Surges: Iran Crisis Fuels Price Hike, Domestic Market Pressure Looms

France's President Emmanuel Macron speaks during the Munich Security Conference (MSC) in Munich, Germany. File image/Reuters

Macron Deploys Warships to Hormuz Amid Iran Chokehold, Oil Prices Soar