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Brent is up around 40% since the US-Israeli war on Iran began on Feb. 28; IEA said Thursday that the war ‘is creating the largest supply disruption in the history of the global oil market.’
March 13, 2026

UK maritime agency said Thursday that a projectile struck a container ship near the United Arab Emirates; Oil prices surged, with Brent crude breaking back above $100 a barrel.
March 12, 2026