Saudi officials have cautioned that oil prices could surge to $180 per barrel by late April if the Iran war continues disrupting critical Middle East energy supplies and global markets. The warning comes as attacks on oil and gas infrastructure across the Gulf, including Saudi facilities at Yanbu and Qatar’s Ras Laffan, have already […]
Brent crude
Brent crude oil tops $114 as Iran strikes fuel supply fears
Global oil prices surged on Thursday, with Brent crude climbing above $114 per barrel after Iran launched attacks on key Gulf energy infrastructure and warned of further escalation. Oil and natural gas prices soar, Brent crude nears $114 as Iran attacks Gulf energy facilities https://t.co/W4LwkkVX1o pic.twitter.com/aCoUr18uAO — WAVE (@wave3news) March 19, 2026 The price rally […]
Oil prices surge as Iran attacks energy sites
Global oil prices jumped sharply on Thursday after Iran launched attacks on energy facilities across the Middle East, escalating tensions in its conflict with the United States and Israel. Benchmark Brent crude rose as much as $5 per barrel during early trading, later standing at $112.04, up $4.66 or 4.3%. Meanwhile, West Texas Intermediate crude […]
Oil prices surge to four-year high amid Iran attacks
NEW YORK – Global oil prices surged about nine per cent on Thursday, reaching their highest level in nearly four years, as escalating attacks by Iran on oil and transport infrastructure across the Middle East intensified fears of supply disruptions. Brent crude futures settled at $100.46 per barrel, gaining $8.48 or 9.2 per cent after […]
Oil prices drop as hopes grow for end to Iran conflict
Global oil prices fell sharply on Tuesday after reaching their highest levels in more than three years, as comments from US President Donald Trump raised expectations that the ongoing conflict in the Middle East could end sooner than anticipated. Read More: Govt scrambles to secure fuel as global oil prices surge International benchmark Brent crude dropped $6.51, […]
Oil surges as Hormuz disruption shakes global supply
Global oil prices surged sharply on Friday as escalating conflict in the Middle East disrupted energy supplies and forced buyers to seek alternative crude sources. The surge follows the effective closure of the Strait of Hormuz, a critical shipping route responsible for transporting a significant portion of the world’s oil. Read More: Pakistan seeks Saudi oil […]
Oil slips as diplomacy eases fears over global supply
Global oil prices moved lower on Wednesday as progress in talks between the United States and Iran reduced fears of potential supply disruptions from the Middle East. Investors reacted cautiously, shifting focus from geopolitical risks toward rising production and inventory concerns. In early Asian trading, Brent crude slipped slightly to around 67.39 dollars per barrel, […]
Oil prices climb amid rising US-Iran tensions
Oil prices edged higher on Thursday as escalating tensions between the United States and Iran fueled investor concerns, pushing Brent crude near $69.74 and U.S. West Texas Intermediate to $65 per barrel. The gains reflect geopolitical uncertainty coupled with expectations of steady global demand. Brent crude futures rose 34 cents, or 0.49%, while WTI increased […]
Oil prices hold firm as US–Iran tensions support market
Global oil prices remained steady on Wednesday as ongoing diplomatic talks between the United States and Iran created uncertainty, while geopolitical tensions continued to provide underlying support to the energy market. Brent crude traded near $69 per barrel, while U.S. West Texas Intermediate hovered around $64, reflecting cautious optimism among traders waiting for clearer signals […]
Oil prices drop 4% as US-Iran talks ease geopolitical tensions
LONDON: Oil prices fell sharply on Monday after US President Donald Trump indicated that Iran was “seriously talking” with Washington, suggesting a potential de-escalation in tensions that had previously pushed crude to multi-month highs. Read More: Oil holds near six-month high amid US-Iran tensions Brent crude futures declined $2.81, or 4.1%, to $66.51 per barrel, while […]