Crude Oil Futures Rise Amid West Asia Conflict; Brent Crude Exceeds $100 per Barrel

Crude oil futures rose by Rs 94 to Rs 8,898 per barrel on March 13, 2026, amid escalating conflict in West Asia and disruptions in energy supply. Brent crude surpassed USD 100 per barrel, reflecting concerns over shipping disruptions through the Strait of Hormuz. Analysts noted that Iran's new supreme leader pledged to keep the strait closed and warned of expanding conflict fronts, while U.S. President Trump emphasized nuclear non-proliferation over oil costs. These tensions have affected global markets and inflation expectations.