The Digester

Global oil tops $90 as Brent hits $93.5 amid Iran war

Mar 6th 2026

Brent crude climbed to roughly $93.5 a barrel on Friday after production cuts in Kuwait and halted output in Iraq, raising supply disruption risks that could push prices past $100 if the Iran war affects Gulf exports, according to the Financial Times.

  • Brent crude reached about $93.5 per barrel on Friday, the highest level since 2024.
  • Global oil prices rose above $90 per barrel for the first time since the Iran war began.
  • Kuwait has cut production because storage tanks are full.
  • Iraq has halted a significant portion of its oil output.
  • Analysts warn prices could top $100 per barrel if Persian Gulf exports face further disruption.
  • The Financial Times reported these developments.

Sources

opepicfury.info