Latest Oil Market News and Analysis for March 12 - Bloomberg

Markets Commodities Facebook X LinkedIn Email Link Gift US President Donald Trump says “we’ve got to finish the job” in Iran. Source: Bloomberg Facebook X LinkedIn Email Link Gift Gift this article Contact us: Provide news feedback or report an error Confidential tip? Send a tip to our reporters Site feedback: Take our Survey New Window Facebook X LinkedIn Email Link Gift By Bloomberg News March 11, 2026 at 10:03 PM UTC Updated on March 12, 2026 at 5:46 PM UTC Bookmark Save Brent crude rose near $100 a barrel as traders weighed the outlook for shipping through the Strait of Hormuz, the chokepoint through which a fifth of global oil typically flows. Three commercial vessels were struck Bloomberg Terminal within the Arabian Gulf over the past day, suggesting the broadening of a campaign of maritime disruption beyond the Strait of Hormuz, according to the UK Maritime Trade Operations. Investors see a return to normal shipping flows through Middle Eastern waters as critical to restoring balance in energy markets.