The settlement price of US crude oil has surpassed $100 per barrel for the first time since 2022.

Sina Finance reported on March 31 that the price of crude oil in the United States closed above $100 per barrel for the first time since the United States and Israel launched a war against Iran. WTI futures rose by over 3%, closing at $102.88 per barrel, the highest level since July 2022, while the international benchmark Brent is expected to record a record monthly increase for March. The $100 per barrel mark is seen as a key psychological threshold for traders and market participants. Crude oil prices have continued to soar since the outbreak of the Iran war. This conflict has entered its fifth week, and despite diplomatic efforts by the United States last week, there is still no sign of easing tensions, with crucial shipping in the Strait of Hormuz nearly completely halted.