Global crude oil prices climbed above the $100-per-barrel mark as rising tensions in the Gulf and attacks on Saudi tankers in the Red Sea triggered fresh concerns over energy supply disruptions.
New Delhi: The ongoing conflict in West Asia has triggered the largest supply disruption in the history of the global oil market, according to a report released on Thursday. According to the report by the International Energy Agency (IEA), with limited capacity to reroute shipments and storage facilities filling up, oil-producing countries in the Gulf.
Global oil prices surged sharply on Thursday, crossing the $100 per barrel mark again as escalating tensions in the Middle East rattled energy markets. The spike came after fresh strikes by Iran on supply routes and infrastructure in the region, raising fears of potential disruptions to global oil supplies. Brent Crude Crosses $100 Mark Brent.
Global crude oil prices have surged past the $100 per barrel mark for the first time in several years as escalating tensions involving Iran have shaken international energy markets. The sharp rise reflects growing fears that the ongoing conflict in the Middle East could severely disrupt global oil supplies and shipping routes. Analysts say the.
