Middle East conflict continues, Brent crude oil prices are expected to rise again this week.

date
20/03/2026
As the Middle East conflict continues, the Strait of Hormuz is nearly blocked, with ongoing attacks in the region. Analysts warn that the crisis may further escalate, and Brent oil prices are expected to rise again this week. Brent crude oil prices have been hovering around $109 per barrel, with a gain of about 6% so far this week, reaching a new high since mid-2022 on Thursday. Since the outbreak of war, oil prices have fluctuated by more than $10 per day, and public attacks on energy infrastructure have intensified market volatility. Despite Israeli Prime Minister Benjamin Netanyahu's statement that Israel will avoid attacking Iranian energy facilities, and U.S. President Donald Trump's attempts to ease attacks on oil and gas assets, Iran continues to launch attacks on Gulf neighbors.