Author name: Siim

Crude oil prices threaten another $100-per-barrel run, on fresh Iran warnings

Crude oil prices threaten another $100-per-barrel run, on fresh Iran warnings

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Global crude oil prices once again pushed toward the $100-per-barrel mark, reaching a high of $98.49 during the Asian trading session of March 12, 2026. Tracked by Brent, the commodity had briefly crossed the threshold earlier on March 9, surging to $113.73 in early trading before retreating and closing around $86 per barrel by the New York session. […]

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Israel-Iran war escalates: Strait of Hormuz attacks, Oil prices surge and new Iranian leader faces strike rumors

Israel-Iran war escalates: Strait of Hormuz attacks, Oil prices surge and new Iranian leader faces strike rumors

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The Israel-Iran conflict has entered a dangerous new phase, with attacks on vessels in the strategically vital raising fears of a prolonged global energy crisis. According to Iran’s Islamic Revolutionary Guard Corps (IRGC), two ships were struck after allegedly ignoring naval warnings. A Thai-flagged vessel, Mayuree Naree, suffered an explosion in its engine room, leaving

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Asian shares surge, echoing rally on Wall Street as oil prices sank back to about $90

Asian shares surge, echoing rally on Wall Street as oil prices sank back to about $90

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Trading steadied early Tuesday and crude prices eased after wild swings this week with investors trying to figure out how long the war with Iran will continue. Futures for the Dow Jones Industrial Average rose 0.2% before the opening bell, while S&P 500 futures inched up 0.1%. Futures for the Nasdaq were up 0.2%. On

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G7 to discuss joint release of emergency oil reserves, French source says

G7 to discuss joint release of emergency oil reserves, French source says

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G7 finance ministers will on Monday discuss the possible release of emergency oil reserves, a French government source said, in response to surging oil prices resulting from the Middle East conflict… https://www.dailymaverick.co.za/article/g7-to-discuss-joint-release-of-emergency-oil-reserves-french-source-says

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Khamenei’s hardline son Mojtaba appointed Iran’s new leader; oil surges on supply fears

Khamenei’s hardline son Mojtaba appointed Iran’s new leader; oil surges on supply fears

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Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, signalling that hardliners remain firmly in charge, while the week-old U.S.-Israeli war with Iran sent oil prices surging and Asian stock markets into a nosedive… https://www.dailymaverick.co.za/article/khameneis-hardline-son-mojtaba-appointeded-irans-new-leader-oil-surges-on-supply

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Pete Hegseth guarantees Iran will ‘surrender’ as oil prices soar past $100 a barrel driven by war: Live updates

Pete Hegseth guarantees Iran will ‘surrender’ as oil prices soar past $100 a barrel driven by war: Live updates

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By SAM LAWLEY, NEWS REPORTER and ADAM POGRUND, REPORTER and NOOR QURASHI, NEWS REPORTER and MELISSA KOENIG, US REPORTER Updated: 10:35 GMT, 9 March 2026 US Defense Secretary Pete Hegseth last night guaranteed Iran will ‘surrender’ as oil prices soared past $100 a barrel for the first time in four years as the war causes

Pete Hegseth guarantees Iran will ‘surrender’ as oil prices soar past $100 a barrel driven by war: Live updates Read More »

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