Will crude oil reach $200? Rising military tensions in West Asia have pushed Brent crude prices to $116.5 per barrel

Rising military tensions in West Asia are impacting crude oil prices. On the first trading day of the week, crude oil prices rose 3.41% to $103.040 per barrel. Brent crude oil prices also rose 3.36% to $116.353 per barrel.

Will crude oil reach $200? Rising military tensions in West Asia have pushed Brent crude prices to $116.5 per barrel.

The increasing tension in West Asia is having an impact on crude oil prices. On Monday, March 30, the price of crude oil was $103.040 per barrel and the price of Brent crude oil rose by 3.36% to $116.353 per barrel. Many market experts were earlier predicting that if the tension continues for a long time, oil prices could reach $120 to $150 per barrel. But now recently another new warning has come out, in which it is being said that crude oil prices could reach $200 per barrel.

Why are crude oil prices rising?

Due to escalating tensions between the US, Israel, and Iran, crude oil prices are very close to their all-time record high. Since the tensions began, crude oil prices have surged by nearly 50%. Currently, the closure of the Strait of Hormuz has disrupted supplies, but now the threat to Yanbu port is also increasing.

Will crude oil reach $200 per barrel?

Global financial firm Macquarie has warned that if the Middle East tensions continue for a long time and reach June, crude oil prices could reach $200 per barrel. They have a 40% chance of this happening.

America deployed more than 3500 troops

The US President has repeatedly called for peace talks. Meanwhile, the US has deployed over 3,500 troops in West Asia, further fueling tensions. This could also impact crude oil supplies. The port of Yanbu, where the pipeline is currently operating below full capacity, is also at risk.

The stress has been going on for more than a month

On February 28, 2026, the US and Israel jointly launched airstrikes on several Iranian targets, prompting Iran to retaliate. Tensions in West Asia have persisted ever since. This tension has now entered its fifth week, but a ceasefire appears unlikely. Iran has clearly stated that it does not plan to participate in the peace talks.