60%
Financial Times: “Oil prices posted the biggest rise in decades this month as the war in Iran chokes global energy supplies and sends shockwaves across major financial markets and economies. … “Brent crude, the international benchmark, settled at $118.35 on Tuesday, close to its highest level since the start of the conflict in the Middle East, as traders fearing a prolonged shutdown of the Strait of Hormuz rushed to secure cargoes. … The price has risen more than 60 percent in March, eclipsing the previous record gain of 46 percent following Iraq’s invasion of Kuwait in 1990.”
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