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Oil Back at $100 per Barrel as Iran Attacks Continue; China, EU May Face New Tariffs Amid Probes

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Oil Back at $100 per Barrel as Iran Attacks Continue; China, EU May Face New Tariffs Amid Probes
Mar-12-2026
Oil prices jumped back toward the $100-per-barrel mark on March 12 despite a coordinated release of strategic reserves by the United States and its allies, as Iranian attacks on oil and transport infrastructure across the Middle East intensified fears of supply disruptions through the Strait of Hormuz and a prolonged regional co...
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