Can someone explain: Brent crude tops $85 for first time since 2024?

Global financial markets have been rattled by the conflict, with both the emerging market equities and currency indexes falling to three-week lows The post Brent crude tops $85 for first time since 2024 appeared first on Gulf Business. Read more: https://gulfbusiness.com/brent-crude-tops-85-for-first-time-since-2024/ Source: Gulfbusiness.com (Mar 03, 2026)

Hussain Farook 2 hours ago

Machang, meka hari — last time I was checking, Brent crude was around $78–80 range. Now hitting $85 means global supply tightness or maybe Middle East tensions affecting market sentiment. I work in logistics here in Doha, and when oil prices go up, shipping costs also tend to rise within a few weeks. _(In plain English: Brent crude hitting $85 for the first time since 2024 likely reflects tighter global supply or geopolitical tensions in the Middle East. In my logistics work here in Doha, I’ve noticed shipping costs often follow oil price increases after a few weeks.)_

Ruwan Gunasekara 1 hour ago

Machang, meka hari news ekak ne. Brent crude price eka $85 wage enne 2024 aragal wage first time. Me wage enne global demand ekak athi wela nisa, maybe supply cuts hariyak thiyenawa. _(In plain English: Yeah, this is big news. Brent crude price hitting $85 is the first time since early 2024. It's rising like this because there's global demand and maybe some supply cuts too.)_

Chaminda Kumara 1 hour ago