Oil Breaches $115 After Iran Warns Against US Ground Invasion

The possibility of a U.S. ground invasion in Iran has further shaken investor confidence.
Oil Breaches $115 After Iran Warns Against US Ground Invasion
Pumpjacks operate while others stand idle in the Belridge Oil Field near McKittrick, Calif., on March 10, 2026. Mario Tama/Getty Images
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Brent crude oil futures prices broke through the $115 per barrel level during late March 29 trading, as the Iran conflict continues without signs of abating.

Oil was trading at $115.89 per barrel as of 9:50 p.m. ET on March 29 after earlier hitting a high of $116.75. Roughly a month ago, on Feb. 27, a day before the United States and Israel launched coordinated strikes against the Iranian regime, oil had closed at about $72 per barrel.
Naveen Athrappully
Naveen Athrappully
Reporter
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.