By Admin 
Crude oil prices: Today is the 32nd day of the ongoing conflict in the Middle East. On February 28, America and Israel attacked Iran. This scene of devastation still continues. Shells are raining from both sides. Many important targets of Iran have been damaged. The ceasefire initiative has remained in vain.
Amidst all this, today on Tuesday, March 31, the prices of crude oil have increased further in the international markets. Today Brent Crude has crossed the level of $ 116.50 per barrel. This is the highest level till date after June 2022.
The effect of Trump’s threats is visible
US President Donald Trump said in an interview with the Financial Times that he wants to take oil from Iran. He also told that the US Army can capture Kharg Island, from where about 90 percent of the country’s oil will be exported. Trump has also threatened to wipe out Iran on Truth social media.
He has said, if Iran does not compromise. He said that if Iran does not open the Strait of Hormuz, America will completely destroy Iran. Their houses, power plants, oil wells will be cleaned. These threats of Trump have further deepened the uncertainties, due to which oil prices have now crossed $116 per barrel.
Experts warned
The impact of the war in Iran is such that in March alone the prices of crude oil have increased by 50-60 percent. In view of the attacks on it, Iran has closed the Strait of Hormuz, through which 20 percent of the world’s oil passes. Market experts say that if the situation remains like this, prices can reach $ 150 per barrel.
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