Price of Brent crude oil reaches almost $65 per barrel

The price of Brent crude oil futures for March 2026 delivery reached $64.94 per barrel, Report informs referring to trading data.

Slightly earlier, the price exceeded $65 per barrel, the first time the price has reached this level since November 18, 2025.

Earlier in the day, the price of February WTI crude oil futures also rose, exceeding $60 per barrel for the first time since December 8.

The price rose 2.29% to reach $60.68 per barrel.

10:27

Oil prices rose on Tuesday morning after US President Donald Trump announced a 25% tariff on goods from countries doing business with Iran, Report informs referring to trading data.

The price of March Brent crude oil futures rose 0.34% from the previous close to $64.09 per barrel, while March WTI futures rose 0.39% to $59.55.