Global oil prices continue to draw worldwide attention. During\nFriday\u2019s trading session on 27 March 2026, energy prices recorded a\nsharp surge, driven by sentiments of escalating conflict in the Middle\nEast that continue to trigger volatility in global markets.<\/p>\n
Citing Anadolu, Brent crude oil prices rose 5.7% to US$114.20, or\napproximately Rp1.93 million (estimated exchange rate of Rp16,980 per US\ndollar) per barrel. Meanwhile, West Texas Intermediate (WTI) crude oil\nposted a 6.18% jump, breaking through US$100, or about Rp1.69 million\nper barrel.<\/p>\n
This oil price surge is occurring alongside the ongoing conflict\ninvolving Iran since late February 2026. The latest attacks by the\nUnited States (US) and Israel on targets in Iran, as well as Iran\u2019s\nretaliatory actions targeting energy infrastructure in the Gulf region,\nhave disrupted the global commodity supply chain.<\/p>\n
Since late February this year, Brent oil prices have risen around\n45%, while for March 2026 alone, the increase has exceeded 50%. This\nsurge surpasses the record from September 1990, when Brent oil rose\n46%.<\/p>\n
The Guardian reported that Brent prices once touched US$119.50 per\nbarrel, the highest level since June 2022. This jump occurred after Iran\nnearly closed the Strait of Hormuz, a vital route through which about\none-fifth of the world\u2019s oil and gas supplies pass.<\/p>\n
Amid this geopolitical turmoil, oil has become one of the\nbest-performing assets in global markets, outperforming other\ninstruments that are instead pressured by rising uncertainty.<\/p>\n
Gold has failed to live up to its reputation as a safe-haven asset\nagainst inflation. Spot gold prices have fallen nearly 15% since early\nMarch 2026, nearly matching the worst monthly decline in 2008.<\/p>\n
Some investors may be forced to sell gold to cover losses or margin\ncalls on other market positions. The prolonged conflict is expected to\nremain a key driver of oil prices in the near term, alongside growing\nconcerns over inflation and global economic stability.<\/p>\n
Efforts to ease tensions have emerged, including statements from\nPresident Donald Trump regarding negotiations with Iran. However, recent\ndevelopments indicate that market pressures are still ongoing.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/global-oil-prices-surge-past-us-114-becoming-the-shiniest-asset-amid-war-1774795879", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }