Brent crude oil price and crude gas price today (March 19) surge sharply amid the Iran Israel war, raising fears of $150 oil. Brent trades near $106.89, while WTI crude oil prices today hover around $96.38, showing a rare $20+ discount gap. Natural gas prices have jumped 3.88%, with Europe seeing spikes of nearly 30% in a single day. The crisis is driven by Strait of Hormuz disruptions and attacks on key energy infrastructure. While $150 oil is not baseline yet, physical markets like Oman already indicate extreme stress and supply shortages globally.