"The Brent crude oil price is on track for its biggest monthly gain on record in March after the Iran war caused mayhem in the markets.

Brent crude, the international benchmark, has climbed by 51% since the start of March, LSEG data shows, beating the previous monthly record of 46% in September 1990 after Saddam Hussein invaded Kuwait, leading to the first Gulf war."

~ Graeme Wearden

#Trump #Iran #war #oil #gas #StraitofHormuz
/2

https://www.theguardian.com/business/2026/mar/29/oil-monthly-surge-record-iran-war-markets-gold

"Brent closed at $112.57 a barrel on Friday, up from $72.48 a barrel on 27 February, the day before the US-Israeli war on Iran began."

#Trump #Iran #war #oil #gas #StraitofHormuz
/3

"After the anguish of Iraq and Afghanistan, it’s almost unthinkable the US would again send troops to the Middle East – but its president is desperate and narcissistic.

In sum, he’s caught in a modern-day catch-22. Pick your own metaphor for dumb. Trump’s stumped, hoist by his own petard, stuck between a rock and a hard place, and up the creek without a paddle. The creek in question is, of course, the strait of Hormuz."

~ Simon Tisdall

#Trump #Iran #war
/4

https://www.theguardian.com/commentisfree/2026/mar/29/trump-boots-ground-iran-war-middle-east