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Oil Falls Below $90 After Brief Spike Near $120 as Trump Signals Iran War May End Soon

WNews

March 10, 2026

4 Min Read

New York, NY, USA (WNEWS) – Global oil prices plunged back below $90 per barrel Monday after briefly surging close to $120 per barrel earlier in the day, capping one of the most volatile trading sessions in energy markets since the Middle East conflict escalated. Crude prices initially surged overnight as investors feared severe supply disruptions tied to the widening conflict involving Iran. At one point during early trading, Brent crude approached the $120 level,…

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