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Oil
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The price of Brent crude oil has surpassed the $105 barrier

Before the US and Israel attack on Iran, the barrel of oil was worth $72. Aliados do not help reopen the Strait of Hormuz, NATO has warned of a "bad future."

SKOPJE (Republic of North Macedonia), 09/03/2026.- Motorists queue at a gas station in Skopje, North Macedonia, 09 March 2026. After the Regulatory Commission announced an increase in petrol and diesel prices at gas stations, people rushed to fill the tanks of their vehicles. The price of diesel rose by 20 Euro cents, creating queues at gas stations. Diesel sales are limited to 2,000 denars (around 35 Euros) per vehicle. Fueled by the escalating conflict in the Middle East, the international oil benchmark, Brent Crude, surged past 100 US dollars per barrel on 09 March 2026. EFE/EPA/GEORGI LICOVSKI
A man at a gas station. Photo: EFE

The price of refractory Brent oil in Europehas risen by more than 2%   at 08:22 this Monday and has traded above $105 in Europe before the stock exchanges opened, well above the $72 barrier that the US and Israel had before attacking Iran.

On the other hand, the benchmark West Texas Intermediate (WTI) oil barrel in the U.S. has risen 1.7% to $98.57 per barrel.



This Monday, Brenta's price was above $106, but then it went down to $105. However, it's very close to $106.

U.S. President Donald Trumpwarned on Sunday that the North Atlantic Treaty Organization (NATO) will face a "very bad future" if its allies do not help reopen the Strait of Hormuz, a strategic focus of international oil trade blocked by the Iranian Army in response to the February 28 offensive by Washington and Israel against Iran.

"It is logical for those who profit from the strait to help ensure that nothing bad happens there," the US president said in an interview with the British newspaper 'Financial Times'. For all these reasons, if there are no "answers" or if the answer is "negative," the future of NATO will be "very bad. "

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