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 »
Home Market News Dow Jones Today | US Stock Market LIVE: Dow dives 500 points as oil jumps, Iran says it will keep Strait of Hormuz shut Dow Jones Today | US Stock Market LIVE Updates: Stocks were under pressure on Thursday (March 12) as oil prices added to their surge on supply disruption worries
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Oil Prices Hit $100 Again-Trump Touts Cost Hike Benefits Read More »
Iran has warned that global oil prices could surge to $200 per barrel as tensions escalate in the Middle East following recent attacks linked to the ongoing conflict involving the United States and Israel. Speaking on Wednesday, the spokesperson for Iran’s Khatam al-Anbiya military command headquarters, Ebrahim Zolfaqari, said Tehran would shift from retaliatory responses
$200 per barrel: Iran warns of further increase in crude oil price Read More »
Goldman raises U.S. PCE forecast, cuts GDP outlook on higher oil prices https://www.investing.com/news/economy-news/goldman-raises-pce-forecast-cuts-gdp-outlook-on-higher-oil-prices-4556900
Goldman raises U.S. PCE forecast, cuts GDP outlook on higher oil prices Read More »
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.
Crude oil prices threaten another $100-per-barrel run, on fresh Iran warnings 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 »
