ChainThink reports that on March 14, Brent crude oil futures closed above $100 per barrel for the second consecutive trading day, reaching the highest level in over three years. Meanwhile, the Middle East conflict continues to escalate, and world leaders are working to address the largest shock in the history of the oil market.
Brent crude futures closed at $103.14 per barrel, while U.S. crude futures closed near $99 per barrel, the highest level since July 2022.
Analysts and traders say that if Brent crude oil futures prices remain above the key psychological level of $100 per barrel, rising energy costs could increase pressure on U.S. President Trump to end the war in Iran. The impact of rising oil prices has already begun to affect consumers in many parts of the world. (Jinshi)