Oil Price Today (March 26): Crude oil above $100 again as Iran rejects US proposal to end war. $150 in sight?

March 26, 2026

Oil prices saw a rebound as markets reassessed Middle East de-escalation prospects. Iran is reviewing a US proposal to end the conflict, which has significantly disrupted global energy flows. Despite ongoing tensions and potential supply disruptions, analysts predict continued price support and possible surges if the Strait of Hormuz remains affected.

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