CRITICAL 📉 Bearish

Oil Near $115: Your Fuel Bill Is About to Spike Again

geopolitics · 30 Mar 2026

What Happened

Oil surged near $115 on Trump conflict warnings — that's 12¢ more per gallon in the US, 10p/litre in the UK, and rising. Here's the real cost breakdown.

Key Takeaways

3 Things to Know

1

Brent crude near $115, highest since mid-2022

2

Hormuz carries 21M barrels/day — 20% of world supply

3

EU gas storage at 35%, below 42% seasonal average

📈 Market Impact

Why It Matters

OPEC+ discipline and sticky global demand keep oil elevated through Q3 2026.

Background

The Bigger Picture

A single Trump reversal could unwind $8-10 per barrel in one trading session.

Source & Tags

Reported by

Finnotia Research

#Oil Prices #Geopolitics #Energy Crisis #Trump #Global Markets
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