Oil on track for record monthly surge as Iran war disrupts markets

MSN
2026.03.29 11:29
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The Brent crude oil price is set for its largest monthly increase ever in March, rising by 51% due to disruptions caused by the Iran war. This surge surpasses the previous record of 46% in September 1990, following Iraq's invasion of Kuwait. As of Friday, Brent closed at $112.57 a barrel, up from $72.48 on March 1.