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Energy Preview: WTI crude oil retests $100 mark as tensions escalate on war front
30-Mar-2026 08:56

WTI crude oil futures commence the new week on a higher note on Monday, re-testing $100 mark after escalation on the war front as Houthis launched their first attacks on Israel since the start of the conflict during the weekend. The looming risks to global trade through the Red Sea combined with the existing blockage to the Strait of Hormuz, intensify concerns over energy supply disruptions, driving the oil price rally. The counter is currently quoting higher by over 1% at $100.51 per barrel. Brent oil is up sharply above $114 mark.

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