High oil prices fuel Apac energy crisis as Middle East war enters fifth week
As oil moves above $115 a barrel, Apac governments are scrambling to reduce energy demand as the OECD sees US inflation rising to 4.2% this year. Markets are bracing for more turmoil as the war escalates with the Houthis...
BigThink
As oil moves above $115 a barrel, Apac governments are scrambling to reduce energy demand as the OECD sees US inflation rising to 4.2% this year. Markets are bracing for more turmoil as the war escalates with the Houthis joining the fight.
March 30, 2026
The price of a barrel of brent crude oil has risen above $115, a $3 increase over the weekend, as the war in the Middle East continues into a fifth week. The conflict started on February 28 when Israel and the US started bombing raids in Iran.
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