Brief by Shorts91 Newsdesk / 07:03am on 09 Mar 2026,Monday International
Global oil prices have crossed $100 a barrel for the first time since 2022 as the conflict in the Middle East continues. The surge has raised concerns about higher fuel costs around the world. Analysts say the rise could push petrol prices up in many countries. US President Donald Trump said the increase is temporary. “The short-term price increase is a very small price to pay for world peace,” he said. The UK government is also watching the situation closely. Chancellor Rachel Reeves is set to join an emergency meeting of G7 finance ministers to discuss the rise in oil prices and the possible impact on global markets. (PC: BBC)
