$120 oil signals supply shock: by Oil & Gas 360
March 19, 2026
(By Oil & Gas 360) – Global energy markets are entering a new phase of disruption as attacks on critical infrastructure across the Middle East begin to translate into real supply losses, not just risk premiums. Brent crude surged to multi-year highs, briefly touching around $119 per barrel, as traders reacted to widening outages across oil and gas systems. The
