London: The price of Brent crude oil has exceeded $115 per barrel on the global market, according to the Intercontinental Exchange (ICE) in London. This marks a significant milestone as it is the first time Brent crude has surpassed the $115 per barrel mark since March 19, 2026. According to Azerbaijan State News Agency, this increase in Brent crude prices reflects ongoing developments in the global oil market. The rise in prices is being closely monitored by stakeholders in the energy sector, as it could impact various economic activities worldwide. The factors contributing to this price surge are yet to be detailed, but the market's response indicates heightened attention to supply and demand dynamics.