War drives oil price over $100 per barrel: highest since 2022
Brent opened on Monday, March 9, at $108.5 per barrel (at the time of publication it's quoted at $105.17 per barrel, the price is constantly being adjusted), up 17% from a week earlier. West Texas Intermediate stands at $104.9, +15%. These are the highest levels since 2022, when the Russian invasion of Ukraine disrupted global energy markets. This time around, the catalyst is the war in Iran.
