As the US–Israel war on Iran escalates, so too does the global oil crisis. The effective closure of the Strait of Hormuz, through which roughly 20% of the world’s oil and natural gas flows, and the targeting of oil production facilities in the Middle East have lifted the oil price by 34%. The price of […]
Oil, petrol, gasoline: a chemical engineer explains how crude turns into fuel Read More »
Goldman Sachs expects Brent crude to reach $71 per barrel in Q4 2026 Goldman Sachs raised its forecasts for oil prices in Q4 2026, citing expectations that disruptions to crude flows through the Strait of Hormuz will persist for a longer period amid the US-Israeli war on Iran. The US bank now expects Brent crude
Goldman Sachs lifts oil price forecasts Read More »
Oil prices surge despite global move to release strategic reserves as geopolitical risks mount Global oil prices have surged rapidly despite a record-breaking agreement by the International Energy Agency (IEA) and the United States to release massive quantities of strategic oil reserves in an attempt to curb the impact of the war in Iran. Brent
Manama: Bahrain’s Ministry of Interior has issued an urgent advisory to the public following a significant blaze in the Muharraq Governorate. Citizens and residents across Hidd, Arad, Qalali, and Samaheej have been instructed to “remain in their homes, close windows and ventilation openings” as emergency services manage the situation. Also Read: Air India Express plane
Bahrain orders lockdown after Iranian strike on Muharraq fuel tanks Read More »
Brent Crude Oil Tops $100 a Barrel as Iran Attacks Shipping AP 12 March 2026 9:32 AM IST 12 March 2026 9:32 AM IST Oil prices shot more than 9% higher as supply concerns worsened with Iranian attacks on commercial shipping around the Strait of Hormuz A fuel tanker passes the Mobil fuel distribution centre
Brent Crude Oil Tops $100 a Barrel as Iran Attacks Shipping Read More »
NEWYou can now listen to Fox News articles! BlackRock Chairman and CEO Larry Fink insisted the United States’ war with Iran will not have lasting economic consequences, even as oil prices continue to surge nationwide. “Do I believe the war is going to be lasting a long time? No,” Fink told Fox News chief political
Interior Secretary Doug Burgum dismissed a report that the Trump administration “miscalculated” the impact its military operations against Iran would have on the global oil market. Since the U.S. and Israel launched strikes against Iran at the end of February, oil futures have fluctuated dramatically, spiking by almost 20 percent on Sunday evening before reversing…
Donald Trump’s war in the Middle East has left Britain on the brink of a new cost of living crisis as petrol, energy and mortgage bills rise. As oil prices soared close to $120 (£95) a barrel yesterday – before later slipping back below $90 – fears grew that beleaguered British households will pay a hefty
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Trump announces sanctions relief to ease oil prices, says Iran war to end ‘very soon’ Read More »
By Josh Owens – Mar 09, 2026, 9:26 PM CDT Oil prices tumbled in early Asian trade on Tuesday after surging to their highest levels since 2022 a day earlier. The drop was driven by comments from Trump that suggested the war with Iran may soon end, easing concerns about prolonged disruptions to global crude
Oil Prices Tumble After Trump Signals Iran War Could End Soon Read More »
