Oman Oil Prices Surge as Global Supply Disruptions and Middle East Tensions Escalate Muscat – In a historic milestone for the global energy market, the official price of Oman Crude for May delivery soared past $150 per barrel on Tuesday, March 17, 2026, settling at approximately $152.58, up $4.79 from the previous session. This marks…
Oil Prices Rise Over 2 Percent Amid Iran War Disruptions LONDON March 17 2026 Oil markets surged more than two percent on Tuesday as concerns over global supply intensified following the escalation of the US Israeli conflict with Iran. The Strait of Hormuz a vital chokepoint for crude and liquefied natural gas exports has been…
TotalEnergies Output Drop Middle East Conflict Impact Explained French energy giant TotalEnergies announced a significant reduction in its global oil and gas output, attributing the decline to escalating tensions in the Middle East. The ongoing US-Israel-Iran conflict has led to operational shutdowns and production limitations in key oil-producing regions, including Qatar, Iraq, and the United…
Oil Prices Fall as Trump Predicts Middle East De-escalation Following Market Surge Global oil markets saw a sharp retreat on Tuesday after hitting a more than three-year high, as oil prices fall as Trump predicts Middle East de-escalation in the ongoing regional conflict. The easing of market fears comes after US President Donald Trump suggested…
Oil Hits $119 Amid US-Israel Iran Conflict Surge as Middle East supply cuts and Strait of Hormuz disruptions drive record price jumps in global markets. Oil prices surged sharply on Monday, reaching $119 per barrel, marking one of the largest daily jumps in recent years. The spike comes amid the escalating US-Israel conflict with Iran,…
IMF Georgieva Warns Oil Prices Could Raise Inflation as Middle East tensions continue to disrupt energy markets, threatening global economic stability. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), on Monday warned that escalating tensions in the Middle East could lead to higher global inflation if oil prices remain elevated. She highlighted that…
Middle East conflict threatens global oil supply as Qatar alerts Gulf producers to possible halt Oil prices have surged to their highest level in over two years after Qatar’s energy minister warned that all oil and gas exports in the Gulf could be suspended within days if the ongoing conflict persists. This announcement highlights the…
Rising Oil Prices Amid Iran Conflict Raise Global Supply Fears Oil prices surged on Thursday as the ongoing conflict involving Iran created significant concerns over global energy supply. Analysts warn that the Iran war triggers global oil supply concerns today, affecting both crude and gas markets worldwide. The Middle East remains a critical hub for…
Middle East Tensions Push Tanker Rates to Record Highs SINGAPORE – Shipping costs for oil and gas have skyrocketed globally, with supertankers in the Middle East reaching record daily rates, following Iran’s threats to close the Strait of Hormuz in retaliation for US and Israeli military actions. The Strait of Hormuz, the critical waterway between…
Gold and silver prices climbed in Dubai on Wednesday morning as uncertainty over new US tariffs prompted a surge in demand for safe-haven assets. Market data from the Dubai Jewellery Group showed that 24K gold opened at Dh624.5 per gram, up from Dh619.75 per gram on Tuesday evening, marking a gain of Dh4.75. Other gold…
