Why this matters:Global oil price volatility impacts fuel costs, inflation, and economic stability worldwide. Disruption to key shipping routes has widespread consequences. Date: 24 March 2026 Tags: Business, Energy, Global Affairs Summary: Brent crude rose above $100, reaching $103.94 after sharp decline previous day. Prices had dropped over 10% after US delayed strikes on Iranian energy sites. Conflicting US and Iranian claims over diplomatic talks fuel market uncertainty.