Tag: brent crude prices

A worker operates valves at the Rumaila oil field in Basra, Iraq, to cut nearly 1.5 million barrels per day of output as exports halted due to the effective closure of the Strait of Hormuz amid the Iran war. (Reuters)
Posted in Business

Brent crude oil prices spike toward $120/barrel Iran War forces more production cuts| Business News

Crude oil prices spiked dramatically toward $120/barrel as key Gulf producers curbed output, the vital Strait of Hormuz remained functionally closed, and the US threatened…

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Posted in Economy

West Asia crisis could raise energy risks for India but domestic flows, growth outlook remain resilient: Jefferies

Escalating tensions in West Asia, particularly around Iran and the Strait of Hormuz, could pose near-term risks to global markets through higher energy prices, though…

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Demonstrators set fire on an Israeli and a US flag during a protest against Israel and the US strikes on Iran, following the killing of Iran’s Supreme Leader Ayatollah Ali Khamenei, outside the Israeli consulate in Istanbul, Turkey, on Sunday, 1 March 2026. (Reuters)
Posted in Business

Crude oil prices jump 10% on Iran war, spike to $100/barrel seems certain| Business News

Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that crude oil prices could…

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