Keywords: Brent
Nearly one month after US and Israeli strikes hit Iran on February 28, the effective Strait of Hormuz closure triggered Asia's worst energy crisis in decades. Regional governments rolled out fuel rationing, cut workweeks, and scrambled for alternative supplies. Asia depends on over 80% of the oil......
Goldman Sachs has sharply increased its oil price outlook for 2026, citing what it describes as the largest supply shock in history driven by the near-total disruption of flows through the Strait of Hormuz. The bank now expects Brent crude to average $85 per barrel this year, up from a previous forecast......
The world is facing an energy crisis more severe than the combined oil shocks of the 1970s, the International Energy Agency warned, as tensions between the United States and Iran escalate over control of the Strait of Hormuz. The warning comes as US President Donald Trump issued a 48-hour ultimatum......
Oil prices have surged to their highest levels in nearly four years as the conflict involving Iran disrupts global energy supply, raising inflation risks and reviving concerns about stagflation. Brent crude closed at $112.19 per barrel on Friday, its highest level since July 2022. In the United States,......
Brent crude futures rose above 110 dollars per barrel on Friday, reaching their highest level since mid-2022 as escalating attacks on energy infrastructure in the Gulf intensified concerns over prolonged supply disruptions. The surge capped a volatile week in which Brent traded between roughly 107 and......
Goldman Sachs warned that the ongoing conflict involving the United States, Israel and Iran is driving sharper increases in refined fuel prices than in crude oil, even as Brent remains above 100 dollars per barrel amid one of the largest supply disruptions on record. The bank’s commodities team,......
Oil prices rose sharply on Tuesday as renewed concerns over the Strait of Hormuz erased the previous day’s relief rally, highlighting ongoing disruption in one of the world’s most critical energy corridors. Brent crude climbed nearly 3 percent to around $103 per barrel, while US benchmark......
Brent crude has lost roughly a quarter of its value within days after surging to nearly $120 a barrel during the peak of the Strait of Hormuz crisis. A growing number of technical and market analyses now suggest the decline could extend much further, potentially pushing prices down toward $55 per barrel. The......
Global oil markets have experienced extreme volatility this week, with crude prices swinging by tens of dollars within hours as traders struggled to interpret conflicting signals from Washington about the United States conflict with Iran and the security of the Strait of Hormuz. Brent crude futures......
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