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Oil prices rise after US, Iran threaten to hit energy targets in the Middle East

By Thomson Reuters Mar 22, 2026 | 5:11 PM

SINGAPORE, March 23 (Reuters) – Oil prices rose on ​Monday ‌after U.S. President Donald Trump and Iran threatened ‌to ​attack ⁠energy facilities in ⁠the Middle East, escalating the war.

Brent crude ​futures rose $1.01, or 0.90%, ⁠to $113.20 ⁠a barrel by ​2204 GMT after ​settling at the ‌highest since July 2022 on Friday.

U.S. ⁠West Texas Intermediate was at $98.85 a barrel, ⁠up ‌62 cents, ⁠or 0.63%, ​extending ‌a 2.27% ​gain in ⁠the previous session.

(Reporting by Florence Tan; Editing by Chris ​Reese)