The WSJ pointed to the growth of WTI crude futures to $102

Brent crude oil rose above $115 per barrel, and WTI crude oil rose to $102 amid fears of an expansion of the conflict in the Middle East, which could lead to new disruptions in energy supplies. The Wall Street Journal (WSJ) wrote about this on March 30.

Brent futures rose 3% to $115.97 per barrel, while WTI futures rose 3.1% to $102.69. Commerzbank Research analysts note a likely shift in the market narrative — from an inflation shock due to high oil prices to damage to economic growth and the labor market due to a prolonged energy shock.

"The [U.S.—Israeli] conflict with Iran shows virtually no signs of de-escalation <...>. Tensions are spreading throughout the region: pro-Iranian militias in Iraq are attacking U.S.-affiliated facilities, and Houthi forces in Yemen continue to disrupt shipping lanes in the Red Sea," said Matt Simpson, senior market analyst at StoneX.

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Spartak Sobolev, head of the Investment strategy research department at Alfa-Forex, said on March 27 that prices on the global oil market slowed down after US President Donald Trump announced the suspension of strikes on Iran's energy infrastructure. According to him, information stuffing about a possible US ground operation supports oil prices above $100 per barrel of Brent. In case of further escalation of the conflict, quotations may rise to the range of $ 115-120 per barrel.

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