Iran Conflict Pushes Crude Oil Above $100, Disrupting Production and Shipping

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Oil Prices Soar Past $114 Amid Iran War Escalation, Threatening Global Supply

Representational image (Image: News18)

N

News18•09-03-2026, 08:30

Oil Prices Soar Past $114 Amid Iran War Escalation, Threatening Global Supply

•Crude oil prices, including Brent and West Texas Intermediate, surged past $114 a barrel, reaching levels not seen since 2022.
•The intensifying Iran war is severely threatening oil production and shipping in the Middle East.
•Bahrain accused Iran of striking a vital desalination plant, while Israeli strikes caused oil depots in Tehran to smolder.
•Tanker movement through the critical Strait of Hormuz, which handles 20% of global oil, has been largely halted by Iranian threats.
•Iraq, Kuwait, and UAE have cut production; attacks on oil facilities by Iran, Israel, and the US exacerbate supply concerns, fueling inflation fears.

Read Full Article on News18 in English

✦

More like this

✦

More like this

The Phillips 66 Bayway Refinery in Linden, New Jersey, US, on Monday, March 9, 2026. Gasoline, diesel and jet fuel prices have jumped, as the conflict between the US, Israel and Iran chokes off oil shipments through the Strait of Hormuz.

Iran War Rattles Global Economy: Oil Surges, Markets Brace for Upheaval

ईरान के साथ इजरयाल और अमेरिका की जंग में 1500 से ज्यादा लोग मारे जा चुके हैं. (रॉयटर्स)

Iran-Israel War: Hormuz Blockade Threatens Global Economy, Oil Prices Soar

economy Recession Shock news

Global Recession Threat Looms as Iran Conflict Escalates, Oil Prices Soar

iran israel war

Iran's $200 Oil Warning: Strait of Hormuz Turmoil Threatens Global Economy

Representational image (Image: News18)

No Fuel Price Hike in India Despite Global Oil Spike to USD 80 Amidst Middle East Tensions

The conflict between Israel and Iran has moved beyond covert operations, proxy warfare, and intelligence skirmishes, evolving into something far deeper and more dangerous than a conventional military confrontation. Representational image: Reuters

Iran War Batters West Asian Economies, Threatens Global Slowdown