To display this content from YouTube, you must enable advertisement tracking and audience measurement.

One of your browser extensions seems to be blocking the video player from loading. To watch this content, you may need to disable it on this site.

Iran’s attacks on shipping worsen economic concerns © France 24

01:48

Issued on: 12/03/2026 - 11:44

The price of a barrel of Brent crude oil, the international standard, topped $100 a barrel early Thursday, just days after it spiked near $120. Oil prices shot more than 9% higher as supply concerns worsened with Iranian attacks on commercial shipping around the Strait of Hormuz. The latest attacks marked an escalation in Iran’s campaign aimed at generating enough global economic pain to pressure the United States and Israel to end the war that started 12 days ago.