RoydadNaft –  In the wake of the Ramadan War developments and ongoing Israeli-American regime attacks, the price of Iranian heavy crude oil has jumped from around $60-66 per barrel in the first two months of 2026 to $111.80, while Iranian light crude has reached $113.70 per barrel.

This represents approximately a 43% increase in March alone and an overall surge of 70-80%.

Each barrel of Iranian heavy and light crude, which was trading at about $60-66 in the first two months of 2026, has now exceeded $112 per barrel following the Ramadan War developments at the end of March.

According to Roydad Naft, citing data from OilPrice.com, Iranian heavy crude opened the month of March 2026 on March 4 (Wednesday) at $77.98 per barrel. By the end of the month on March 31 (Tuesday), it had risen about 43% to $111.80.

Iranian light crude also started March at $79.88 per barrel and recorded a 43% gain by month-end, hitting a high of $113.70.

This comes after Iranian heavy and light crude were trading in the $60-66 range during the first two months of 2026. The Ramadan War developments have therefore driven a 70-80% price increase for Iranian oil grades.

The oil market continues its upward trend into April, and it remains to be seen what impact further Israeli-American regime attacks on Iran will have on the global oil market.