global energy market Archives

Oil Prices Near $110 Per Barrel as US-Iran Tensions Escalate

Dua Sehar2 hours ago02 mins

Global crude oil prices have surged this week as escalating US-Iran tensions and ongoing geopolitical conflicts raised fresh concerns over global energy supplies. The uncertainty has pushed physical crude cargo prices to their highest levels in nearly two months, with some shipments approaching $110 per barrel. Crude oil cargoes across the Middle East, Europe, and…

Oil Prices Plunge After Trump Predicts Quick End to Middle East Conflict

Dua Sehar5 months ago02 mins

Global oil prices dropped sharply during early Asian trading after former US President Donald Trump suggested that the ongoing Middle East conflict could end very soon. Brent crude prices fell by approximately 8.5 percent, reaching around $92.50 per barrel, while US-traded crude dropped nearly 9 percent to about $88.60 per barrel. Despite the sharp decline,…