Crude shock! Oil prices poised for biggest ever single-day gain after 29% rally
- Posted on March 9, 2026
- By Business News Today
- 6 Views
Crude shock! Oil prices poised for biggest ever single-day gain after 29% rally
Brent crude surged nearly 29% on Monday to cross $100 per barrel, heading for its biggest single-day gain on record after the Strait of Hormuz remained shut amid the escalating Iran–Israel–US conflict. The disruption to a key global oil transit route has sparked fears of a severe supply shock and rising inflation.
