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9 Days of the US-Israel War against Iran, Oil Prices Break US$100 per Barrel

Adi Ahdiat 09/03/2026 10:37 WIB

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During the nine-day US-Israeli war against Iran, the price of Brent crude oil rose by 49% to exceed US$100 per barrel.

The price of Brent crude oil (February 9 - March 8, 2026)

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The price of Brent crude oil (February 9 - March 8, 2026)

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The United States (US) and Israel attacked Iran on February 28, 2026, on the accusation that Iran was developing a nuclear program that threatened the US and its allies.

Iran then launched a counterattack against Israel and US military bases scattered across the Middle East, and the war has continued to this day.

After the war broke out, energy commodity prices rose, especially oil.

According to Investing.com data, on the day before the war, February 27, 2026, the price of Brent crude oil was still US$72.48/barrel.

Then, by the ninth day of the war, March 8, 2026, the price of Brent crude oil had risen by 49% to US$108.23/barrel.

Compared to the previous month, the price was about 56% higher (month-to-month).

According to financial services company Morgan Stanley, global oil prices still have the potential to rise because the war has not subsided.

"Prolonged conflict with Iran could lead to higher oil prices, hotter inflation and greater market uncertainty," said Morgan Stanley in its report, Iran Conflict: Seven Takeaways for Investors on March 3, 2026.

"President Trump has said the attacks could last as long as four to five weeks. A short, contained episode can keep economic spillovers limited. However, a conflict longer than a few weeks raises the odds of sustained economic pressure through higher oil prices, hotter inflation and less-certain financial conditions," they said.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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9 Days of the US-Israel War against Iran, Oil Prices Break US$100 per Barrel

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9 Days of the US-Israel War against Iran, Oil Prices Break US$100 per Barrel

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Estimation Cost of the Operation Epic Fury at the First 100 Hours

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Estimation of the Air Defense Costs of the Gulf Countries in a US-Israel War against Iran

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