Oil Prices Set for Record 60% Monthly Increase as Strait of Hormuz Crisis Disrupts Global Energy Markets

A dramatic situation is unfolding in global energy markets as of late March 2026, with Brent crude oil on track for the largest monthly percentage surge in recorded history. Prices have jumped by an estimated 55 to 64 percent in March, driven by the escalating Strait of Hormuz crisis linked to the ongoing U.S.-Israeli military … Continue reading Oil Prices Set for Record 60% Monthly Increase as Strait of Hormuz Crisis Disrupts Global Energy Markets