# Brent Oil Tops $100 as Persian Gulf Disruption Hits Global Supply - Bloomberg

> Brent crude settled up sharply, rising about 9.7% to $95.73 and trading above $100 as multiple vessel attacks across the Arabian Gulf widened Iran's maritime disruption beyond the Strait of Hormuz. The move marked the highest level in almost a long stretch.

- Date: 2026-03-12 · published 2026-03-12T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/8158-brent-oil-tops-100-as-persian-gulf-disruption-hits-global-supply-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Disruption to Gulf tanker traffic tightens crude supply and lifts energy costs, which raises biofuel feedstock values and pushes up freight and fuel expenses for feed producers. Higher energy prices also tend to support soybean oil and vegetable oil prices.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-03-12 | 1 | +12.5% | 4.0 | Same-day Brent surge of about 9.7% to $95.73 as vessel attacks widened the Gulf maritime disruption beyond Hormuz, directly explaining the move. |
| BRENT | 2026-03-18 | 5 | +29.8% | 4.8 | Brent rose ~9.7% to $95.73 and traded above $100 on March 12 as vessel attacks widened the Gulf disruption, directly adding to the 5-day gain. |
| DIESEL | 2026-03-17 | 5 | +18.8% | 3.2 | Brent topped $100 on Mar 12 as vessel attacks widened the maritime disruption beyond Hormuz, raising crude and diesel costs in the window. |
| DIESEL | 2026-03-15 | 5 | +17.6% | 3.2 | Brent rose about 9.7% and topped $100 on March 12 as vessel attacks widened the Gulf disruption, a direct crude input to ULSD. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-02 | [Oil Prices Surge as Hormuz Disruptions Threaten Global Supply, Analysts Warn - Bloomberg](https://feedsoft.ai/events/8003-oil-prices-surge-as-hormuz-disruptions-threaten-global-supply-analysts-warn.md) | +31.0% | +62.6% |
| BRENT | 2026-04-01 | [How the Iran War Is Disrupting Global Oil and Gas Supply](https://feedsoft.ai/events/20364-how-the-iran-war-is-disrupting-global-oil-and-gas-supply.md) | -12.2% | -1.1% |
| BRENT | 2020-02-01 | [Oil Pares Gains as Plentiful Supply Tempers Libya Disruption](https://feedsoft.ai/events/55267-oil-pares-gains-as-plentiful-supply-tempers-libya-disruption.md) | -6.0% | -12.2% |
| BRENT | 2020-04-02 | [Oil Leaps on Potential Global Output Cuts, Though Doubts Persist - Bloomberg](https://feedsoft.ai/events/5488-oil-leaps-on-potential-global-output-cuts-though-doubts-persist-bloomberg.md) | +49.5% | +11.2% |
| BRENT | 2022-03-20 | [Oil Surges On Growing Supply Fears as EU Considers Russian Ban - Bloomberg](https://feedsoft.ai/events/8485-oil-surges-on-growing-supply-fears-as-eu-considers-russian-ban-bloomberg.md) | +9.5% | +0.8% |
| WTI | 2026-03-02 | [Oil Prices Surge as Hormuz Disruptions Threaten Global Supply, Analysts Warn - Bloomberg](https://feedsoft.ai/events/8003-oil-prices-surge-as-hormuz-disruptions-threaten-global-supply-analysts-warn.md) | +35.6% | +50.4% |
| WTI | 2023-03-27 | [Oil Holds Surge as Supply Disruption Adds to Market Optimism - Bloomberg](https://feedsoft.ai/events/37054-oil-holds-surge-as-supply-disruption-adds-to-market-optimism-bloomberg.md) | +9.3% | +13.6% |
| WTI | 2026-04-01 | [How the Iran War Is Disrupting Global Oil and Gas Supply](https://feedsoft.ai/events/20364-how-the-iran-war-is-disrupting-global-oil-and-gas-supply.md) | -6.6% | +6.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-03-12/brent-oil-closes-above-100-for-first-time-since-august-2022

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.