Miner Company
Oil, War And The Global Economy: The Market's Narrative In March 2026
As with almost every event in the Middle East, the effects of the Iran War played out first in oil prices, and oil has been the lead player in March, surging and volatile, but with disparate impacts even within that market. Both Brent and WTI crude oil saw prices increase in March, but with the price of Brent rising 49.9% and WTI rising 48.6% during March, the difference between the two almost doubled during the second half of the month.
As with almost every event in the Middle East, the effects of the Iran War played out first in oil prices, and oil has been the lead player in March, surging and volatile, but with disparate impacts even within that market. Both Brent and WTI crude oil saw prices increase in March, but with the price of Brent rising 49.9% and WTI rising 48.6% during March, the difference between the two almost doubled during the second half of the month.