Global Economic Highlights for March 31, 2026

1. Brent Oil Prices Set to Reach Record Monthly High: Global oil prices rose on March 30, with Brent heading towards a record monthly high and U.S. West Texas Intermediate (WTI) surpassing $100 per barrel for the first time since 2022. This surge followed the escalation of the conflict between Houthi forces in Yemen and Iran, with initial attacks targeting Israel.

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8. Gas Prices Exceed $4/Gallon in the United States: On March 31, gasoline prices in the U.S. crossed the $4/gallon mark for the first time since 2022, as the Israeli-Iranian crisis led to a sharp increase in global fuel prices. According to the American Automobile Association (AAA), the average price of gasoline in the U.S. now stands at $4.02/gallon, over a dollar more than before the Middle East conflict. This is the highest level since the Russo-Ukrainian conflict in 2022, even though in many states, prices had already exceeded this threshold due to supply differences and taxes.

Source: https://baotintuc.vn/kinh-te/diem-tin-kinh-te-the-gioi-noi-bat-ngay-3132026-20260331211651170.htm