Crude Oil Prices Rise Nearly 50% in a Month of US-Israel vs Iran War

Adi Ahdiat 30/03/2026 11:40 WIB

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The US-Israeli war against Iran has been ongoing for a month. As of March 29, 2026, the price of Brent crude oil has risen by nearly 50% compared to the day before the war.

The price of Brent crude oil (February 27 - March 29, 2026)

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The price of Brent crude oil (February 27 - March 29, 2026)

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The United States-Israel war against Iran that erupted since February 28, 2026, has triggered an increase in oil prices.

According to Investing.com data, after about a month of the war, until March 29, 2026, the price of Brent crude oil reached US$108.48 per barrel.

That price rose by nearly 50%, specifically by 49.7%, compared to the day before the war on February 27, 2026.

This has had an impact on the rise in fuel prices in many countries.

According to Global Petrol Prices data, the biggest impact is currently being felt in Southeast Asian countries, namely Myanmar, the Philippines, and Cambodia.

On March 29, 2026, the average gas price in Myanmar had already risen by 55.4% compared to the week before the war, which was February 23, 2026.

In the same period, the average gas price in the Philippines rose by 54.2% and in Cambodia by 52.8%.

The increase in gas prices in these three countries is the highest among the 170 countries recorded in the Global Petrol Prices database.

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."