New Delhi, Mar 30: Global oil prices jumped sharply on Monday, with Brent crude rising above $115 per barrel as markets opened in Asia, reflecting continued volatility driven by the ongoing conflict in West Asia. Brent crude was trading at $115.84, marking a 2.9% increase. Prices have surged significantly since late February, when US and Israeli strikes on Iran triggered the current escalation.
Before the conflict began on February 28, oil was trading at around $72 a barrel. Prices have since climbed steadily, peaking at $118 per barrel on March 19. By last Friday, crude was hovering just below $112, still well above pre-war levels. Analysts say persistent strikes and uncertainty in the region, a key hub for global energy supplies, continue to push prices higher and keep markets on edge.
