Keywords: Oil supply
The global energy market is facing its most severe disruption in decades, with the International Energy Agency warning that the oil crisis triggered by the Iran conflict now surpasses the scale of the shocks seen in the 1970s. Nearly a month after hostilities began on February 28, the closure of the......
Jet fuel prices have surged sharply in recent weeks, sending shockwaves through the global aviation industry as supply disruptions linked to the Iran conflict drive costs to levels not seen in decades. Data from the International Air Transport Association shows the global average price of jet fuel reached......
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......
Iran has warned it could completely shut down the Strait of Hormuz if the United States follows through on threats to target Iranian energy infrastructure. According to an official statement broadcast on state media, Iran’s Khatam al-Anbiya joint command headquarters declared that any attack on......
Japan has indicated it could consider a limited military role in securing the Strait of Hormuz, one of the world’s most critical energy corridors, but only under the condition of a ceasefire in the ongoing tensions involving Iran. Speaking in a televised interview, Toshimitsu Motegi explained......
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......
Fuel prices in Vietnam rose sharply overnight following a government decision to increase rates amid growing concerns over supply disruptions linked to the Middle East conflict. The price of gasoline climbed by around 20%, while diesel surged by approximately 34% in a single adjustment. Since the escalation......
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......
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