Oil Prices Expected to Climb as Mideast War Escalates

Oil prices are set to rise Monday following threats by the US and Iran against energy sites. Brent crude reached a four-year high as the regional war continues.

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Oil markets are bracing for a significant surge as the new trading week begins, driven by heightened military tensions and direct threats to energy infrastructure in the Middle East. Global benchmarks reached multi-year highs on Friday following a series of escalatory statements from Washington and Tehran.

A flare stack burns at the TotalEnergies petrochemical facility in Martigues, France, during March 2026. REUTERS/Manon Cruz
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