World Oil Prices Today, March 11, 2026: Rocketing or Crashing?

Jakarta, Pintu News – Rabobank’s RaboResearch Global Economics & Markets team highlights that current oil prices do not yet fully reflect the rising risks around the Strait of Hormuz, despite Iran’s attacks on Gulf energy infrastructure and continued US strikes.

The report emphasized that oil flows depend on how the war in the Middle East ends and noted the possibility of the IEA’s release of strategic reserves that could temporarily ease market pressure.

World Oil Price Today

Based on data attached to the TradingEconomics page, the price of crude oil (Crude Oil) was recorded at 83.704 with an increase of 0.254 (+0.30%) in the past day. In the past month, the price of crude oil has increased significantly by 33.37%.

Read also: Antam Gold Price 5 Gram Today, March 11, 2026

Meanwhile, Brent prices were recorded at 87.714, a decrease of 0.086 (-0.10%) on the day, but still showing an increase of 30.00% in the last month period.

Strait of Hormuz Risk and Strategic Reserve Interactions

“Iran continues to attack the energy infrastructure of the Gulf states and claims that “not a drop” of oil will come out until the US and Israel withdraw. It was reported that Iran activated minelayers and speedboats in the Strait of Hormuz, while the US claims to have destroyed 16 of these minelayers.

However, this critical shipping lane still has no US, GCC, or European minesweepers or corvettes, making oil exports impossible in the absence of a peace deal or US/Israeli defeat.”

“Although oil prices in the market reflect ‘peaceful now’ conditions, yesterday’s US strike was the heaviest so far. Israeli defense media reported that the US will step up strikes in the next 1-2 weeks, an extra week than analysts expected after Trump’s statement on Monday. Other media added that some in the Israeli government think it may take up to a year for the Iranian regime to fall – a military timetable that the US and Israel will find difficult to adhere to both politically and logistically.”

“Positively, the Wall Street Journal reports that the IEA will propose the largest release of oil from its strategic reserves today, which goes beyond just the action promised by the G7. This will help buy some time. However, the move also relieves market pressure urging the US and Israel to resolve the war soon… and does this give China more leverage over scarce materials than the implied US oil threat (which hints that the situation needs to escalate further)?”

CVXON: Tokenization of Oil Company Shares

As blockchain technology develops, assets that were previously associated with traditional commodity markets are now starting to appear in digital format, including assets related to the energy sector and oil prices.

One relevant example in this context is Chevron . As a global energy company, Chevron’s business activities span the entire value chain of the oil and gas industry, from upstream exploration and production to refining, distribution, marketing, transportation, petrochemicals and power development.

In the blockchain ecosystem, exposure to Chevron is now also available through CVXON (Chevron Tokenized Stock), a tokenized digital representation of Chevron Corporation shares issued by Ondo Finance. Through this asset, investors, especially outside the United States, can gain access to Chevron’s stock price movements.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• FX Street. Oil: Geopolitical risks and Hormuz bottleneck – Rabobank. Accessed on March 11, 2026