Oil Closes Above $100 as Hormuz Disruption Sparks Record Foreign Investor Exodus from Asian Equities

Offshore oil drill as seen from view point of ship

Oil Closes Above $100 as Hormuz Disruption Sparks Record Foreign Investor Exodus from Asian Equities

Dae-Hyun Park1 month ago4 weeks ago04 mins

Brent crude closed at $103.14 per barrel on Friday, its highest settlement since 2022, as the Strait of Hormuz remained effectively shut to commercial shipping for a fourth consecutive week. The oil price trajectory has accelerated in the final days of March, driven by Iran’s March 18 strike on Qatar’s Ras Laffan LNG complex, which…

Oil refinery plant with mountains in distance

Brent Settles Above $100 for the First Time Since 2022 as Hormuz Diplomacy Fails

Aiko Nakamura1 month ago4 weeks ago04 mins

Brent crude closed at $103.14 per barrel on Friday, its highest settlement since 2022, after diplomatic efforts to secure a ceasefire or a framework for reopening the Strait of Hormuz failed to produce results. The IRGC reaffirmed its declaration that the strait was closed, and Brent surged to $114 after Trump’s 48-hour ultimatum expired without…

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March 27, 2026

Oil Closes Above $100 as Hormuz Disruption Sparks Record Foreign Investor Exodus from Asian Equities

Brent Settles Above $100 for the First Time Since 2022 as Hormuz Diplomacy Fails