Iranian news channels report a rapid and significant spike in global oil prices, with multiple outlets tracking crude's ascent past $118 before UAE Murban crude ultimately breached the $120 per barrel threshold.
Oil prices experienced a dramatic surge on March 9, 2026, with widespread reporting across Iranian Telegram channels tracking the rapid economic escalation. Early reports indicated prices hitting $110, before swiftly breaking past $118 and ultimately breaching the $120 milestone.
The regional news outlet خراسان آنلاین initially reported that oil had reached the $110 mark. However, prices quickly spiked higher. The sensationalist, militaristic channel اخبارفوری خبرفوری جنگ امریکا فوری (Urgent News Urgent News America War Urgent) stated simply that "Oil reached $118". This exact claim was echoed by the similarly aligned channel اخبارفوری خبرفوری جنگ امریکا حمله, which also confirmed the $118 price point.
The Islamic Revolutionary Guard Corps (IRGC)-affiliated کانال اخبار سپاه پاسداران 🏴 initially reported the $118 figure but correctly forecasted the continuing surge, noting that "oil prices are still on an upward trajectory and will likely reach $120 soon."
That forecast materialized shortly after. The pro-government political channel حامیان پزشکیان (Supporters of Pezeshkian) announced that "UAE Murban crude oil, a key West Asia index, crossed the $120 mark." The mainstream Iranian news aggregator آخرین خبر corroborated the milestone across its network, declaring "Oil became $120" and citing the UAE Murban crude as the definitive Middle East index driving the break beyond the $120 threshold.
Sources demonstrate a clear consensus on the rapid surge in oil prices, with variations only in the timestamped progression of the price ($110 to $118 to $120). A religious morning greeting posted by Khorasan Online was excluded from the digest as it was entirely unrelated to the economic news of the day.