THE HALFAX HEIMDALL AUGUR

Peak Oil Demand Has Arrived - exclusive.kz The US/Israeli-Iran war may be remembered for many things, not least the closure of the Strait of Hormuz, the reshaping of Middle Eastern geopolitics, and the damage done to the global economy. But another consequence is less obvious: The largest oil-supply disruption in modern history has accelerated the arrival of peak oil demand. Four months ago, the effective closure of the Strait of Hormuz triggered a global energy crisis. Oil prices surged, trade flows were disrupted, governments scrambled to shield consumers from rising costs, and businesses were forced to adjust to an increasingly uncertain energy landscape. But amid the disruption, another trend emerged as countries began adapting to life with less oil. What began as a supply shock increasingly became a demand story, forcing the energy sector to reconsider one of its most important assumptions: the continued growth of global oil demand. Before the war, the International Energy Agency projected that oil demand would “rise by 2.5 mb/d [million barrels per day] from 2024 to 2030, reaching a plateau around 105.5 mb/d by the end of the decade.” The debate was not whether demand woul…

Middle East War Triggers Base Oil Crisis - Lubes'N'Greases The war between the United States, Israel and Iran has caused a base oil supply and price shock for the global lubricants industry, causing prices to skyrocket and creating widespread shortages. Industry insiders and observers agree the crisis will last — and possibly worsen — until the Strait of Hormuz reopens to commercial shipping. Many warn, though, that disruptions could last well beyond the end of the conflict, especially for supply of API Group III base stocks. The strait’s unprecedented closing was the trigger for the crisis. The narrow waterway, which provides an outlet from the Persian or Middle East Gulf to the Sea of Oman and the Arabian Sea, is used by ships carrying a fifth of the world’s oil and gas. The gulf is also home to three refineries — the Pearl gas-to-liquid plant in Ras Laffan, Qatar, Adnoc’s plant in Al Ruwais, United Arab Emirates, and Bahrain Lube Base Oil Co. in Sitra, Bahrain — accounting for 21% of global Group III production capacity (see Figure 1). Exports from those facilities traverse the strait on their way to markets around the world, as do Iranian Group I exports to markets such as I…

Oil prices climbed sharply after Trump threatened additional strikes on Iran, raising concerns about global energy supplies and market stability. www.ukbreakingnews24x7.com/business/oil... #OilPrices #Iran #Energy #Markets #Economy #BusinessNews #Investing #GlobalMarkets

Asian refiners brace for surge in Persian Gulf oil after US-Iran ceasefire agreement https://www.europesays.com/iran/165816/ Published Thu, Jun 18, 2026 · 01:56 PM [SINGAPORE] An impending wave of oil that’s been trapped inside…

⛽ Oil Prices Surge As Global Markets Slide Energy prices continue climbing while stock markets face renewed pressure amid growing concerns over the Iran conflict. www.ukbreakingnews24x7.com/business/oil... #OilPrices #StockMarket #Economy #BusinessNews

Crude loses cool: Oil prices soar 3% as Middle East tensions flare again Oil prices rose sharply after United States military strikes targeted Iran. These actions followed attacks on commercial vessels in the Strait of Hormuz. Qatar blamed Iran for striking a liquefied natural gas tanker and an oil supertanker. Maritime security warned of severe threats to ships crossing the Strait. This has reignited fears of further disruptions to vital oil transit routes.

Iran war anxiety sends global container shipping rates soaring The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on.“If you want to know how seriously to take the threat of an energy crisis, look at container shipping rather than oil markets because the risk is priced into the spiraling freight rates far more clearly,” said Peter Sand, chief analyst at freight pricing platform Xeneta.For all the latest headlines, follow our Google News channel online or via the app.The dynamic threatens to feed into already high inflation rates in the United States, and reflects a major challenge for the US administration of President Donald Trump after it started its war on Iran.US Energy Secretary Chris Wright said on Friday that lowering fuel prices will ultimately take a resolution with Iran to get more oil flowing through the Strait of Hormuz.The off-contract

'World faces greatest ever energy threat from Iran war,' IEA warns six ... ET Online The International Energy Agency (IEA) on Friday issued a stark warning that the ongoing conflict involving Iran could trigger the largest disruption in the history of the global oil market, potentially taking six months to restore normal flows of oil and gas from the Gulf. Fatih Birol, the agency’s executive director, said that both policymakers and markets were underestimating the severity of the crisis, which could drive up energy prices and strain supply chains worldwide, according to the Financial Times . Also Read: A war in West Asia without winners — except may be Russia’s oil machine The IEA emphasised that relying on supply-side measures alone will be insufficient to stabilise markets. In a detailed advisory, the agency outlined a series of demand-side actions that can be implemented immediately to ease pressure on consumers and support energy security. Immediate steps to reduce oil and gas demand Among the 10 measures recommended by the IEA, working from home wherever possible tops the list. By reducing commuting, significant amounts of oil used in transportation could be saved, particula…

Oil Prices Jump After Renewed Strikes in Gulf Put Shipping Recovery at Risk Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.

Oil prices rise after fresh US strikes on Iran and return of sanctions on Tehran – business live | Business https://www.europesays.com/uk/1075748/ Key events Severn Trent had ‘serious failings’ in wastewater duties but escapes fine The water company Severn Trent…

4️⃣ Oil Prices Expected to Remain High 📈 Oil prices are expected to remain elevated as conflict involving Iran continues to impact global energy markets. Read more: www.ukbreakingnews24x7.com/business/oil... #OilPrices #BusinessNews #EnergyMarkets #Iran #GlobalEconomy #MarketUpdate

Oil surges 35% this week for biggest gain in futures trading history - CNBC U.S. crude oil on Friday posted its biggest weekly gain in futures trading history, as the escalating war in the Middle East has triggered a major disruption to global fuel supplies. West Texas Intermediatefutures surged 12.21%, or $9.89, to close at $90.90 per barrel. Global benchmarkBrentrallied 8.52%, or $7.28, to settle at $92.69 per barrel. U.S. crude soared 35.63% for the biggest weekly gain in the history of the futures contract dating back to 1983. Brent jumped about 28% for its biggest weekly gain since April 2020. President Donald Trump on Friday demandedunconditional surrenderfrom Iran, raising fears of a prolonged war that could wreak havoc on the global oil and gas market. The war has already brought traffic in the Strait of Hormuz, a critical shipping route for energy supplies, to a near standstill. Qatar's energy minister, Saad al-Kaabi, toldThe Financial Timeson Friday that crude prices could reach $150 per barrel in the coming weeks if oil tankers were unable to pass through the Strait. This could "bring down the economies of the world," Kaabi said. "Everybody that has not called for…

Peak Oil Demand Has Arrived - Project Syndicate Raju Shinde/Hindustan Times via Getty Images Peak Oil Demand Has Arrived Jun 11, 2026 Carolyn Kissane Amid the disruptions caused by the US/Israeli-Iran war, countries have begun adapting to life with less oil. What started as a supply shock has become a demand story, forcing the energy sector to reconsider one of its most important assumptions: continued growth of global oil demand. NEW YORK—The US/Israeli-Iran war may be remembered for many things, not least the closure of the Strait of Hormuz, the reshaping of Middle Eastern geopolitics, and the damage done to the global economy. But another consequence is less obvious: The largest oil-supply disruption in modern history has accelerated the arrival of peak oil demand. https://prosyn.org/xz7xFCm

🛢️ #Oil "Oil prices surged after fresh fighting between Iran & Israel which has threatened a fragile ceasefire in the region. The latest escalation is renewing concerns over energy supplies and the future of flows through the Strait of Hormuz. Karen Young, Senior Research Scholar for the…"

Qatar's LNG Production Halt Sparks European Gas Price Surge Amid Gulf ... Qatar halted production at liquefied natural gas plant after Iranian drone attacks Dubai: European natural gas prices are surging after Qatar halted production at the world’s largest liquefied natural gas plant following Iranian drone attacks, raising concerns over global supply security tied to Gulf exports. Benchmark Dutch TTF futures rose as much as 45% to around €46 per megawatt-hour in early afternoon trading, before extending gains to trade near €62. Prices are up about 90% since Friday’s close, marking swings not seen since the 2022 energy crisis. UK NBP gas prices climbed sharply in tandem with continental markets, with traders reporting sharp minute-by-minute volatility. QatarEnergy said it stopped LNG production linked to the giant North Field reservoir after its facilities were targeted. The export complex accounts for about a fifth of global LNG supply, underscoring Qatar’s central role in global energy markets. The company did not provide details on the extent of the damage. Stay updated:Get the latest faster by downloading the Gulf News app now - it's completely free.Click here for Appleorh…

Iran conflict: Why has oil stayed near $100 a barrel? The worst-case oil scenario has been avoided, but inflation and slower growth continue to weigh on the global economy.

Oil Shock Eases, Leaving USD/JPY Vulnerable to Yen Strength USOILbegan the week with extreme volatility, surging toward 120 before reversing sharply as geopolitical headlines shifted. The rally was initially driven by fears that escalating tensions with Iran could disrupt shipping through the Strait of Hormuz, a route responsible for roughly one fifth of global oil flows. Key Highlights: The rally was quickly punctured after comments from President Donald Trump suggested the conflict could end sooner than expected, easing fears of a prolonged supply shock. That shift in narrative triggered a rapid pullback in crude and helped stabilise broader markets. While President Trump’s comments have helped calm oil markets somewhat, the earlier rally may simply have been too rapid to sustain. At the same time, signals from military officials have been less definitive about the conflict ending, with recent remarks about the possibility of “boots on the ground” highlighting that escalation risks have not fully disappeared. Despite the reversal, oil remains dramatically higher than it was earlier this year, having risen from roughly 60 dollars in January to near 120 during the recent spike…

📈 Oil prices continue to rise as President Trump seeks to build an international coalition to help reopen the Strait of Hormuz amid escalating tensions in the region. www.ukbreakingnews24x7.com/world/oil-pr... #OilPrices #StraitOfHormuz #Trump #MiddleEast #Geopolitics #GlobalEconomy #WorldNews

Oil Shock Inflation | Endless Sphere DIY EV Forum OlderGiantFan Regular Joined Nov 5, 2021 Messages 501 Location East coast Australia We're all familiar with the topic of inflation, and have experienced it. I don't want to go into the causes too deeply because you get bogged down in monetary inflation analysis and banking machinations. But one thing certainly leads to inflation, and that is Oil Shocks. The 1970's was unbelievable as far as inflation was concerned. I was young then but even I noticed the house prices and car prices going up and up. But of course, wages went up too didn't they, unions were still strong back then so the net effect wasn't that bad. In fact it was Great if you'd bought a house in 1970. But all that aside, I watched the disruptions caused by the global shutdowns back in 2020 and now these Oil price shocks are upon us. Already many textile and plastics manufacturers have shuttered their factories across Asia, and today I read this tidbit. A little more than a week after Emirates Global Aluminum, the Gulf's largest aluminum producer, halted operations at its Al Taweelah smelter following Iranian missile and drone strikes, EGA has declared force maj…

⛽ Oil Prices Continue To Climb Energy markets remain volatile as oil prices surge amid growing uncertainty in the Middle East. www.ukbreakingnews24x7.com/business/mas... #OilPrices #Energy #Economy #Business

⛽ Oil Surges Above $90 As Iran War Intensifies Global oil prices have jumped above $90 a barrel, fuelling fresh concerns about inflation, energy costs and economic stability. www.ukbreakingnews24x7.com/business/ira... #OilPrices #Inflation #Economy #Energy #BusinessNews

Experts expect oil/gas prices to increase... "A rapid reduction in Chinese crude imports has helped stop oil from trading even higher since the outbreak of the U.S.-Iran war — but analysts warn that price rises will be needed as market balance is gradually restored" www.cnbc.com/2026/06/08/c...

Israeli Surprise Strike on Qatar Sends Oil Prices Higher Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Oil Prices Spike After Iran Launches Missile Attack on Israel Find us on: With the Strait of Hormuz… India is rapidly diversifying crude… Oil prices have retreated from… Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Reports of a surprise Israeli strike on Hamas targets in Qatar jolted markets, lifting Brent briefly above $67/bbl as traders priced in a higher Middle East risk premium and potential supply-security disruptions. Gas Markets Brace For Generational Supply Glut- Following four years of tightness, global LNG supply is set for a prolonged period of oversupply as the United States, Qatar, Canada and even Russia all add hefty volumes of incremental supply from 20…

Brent Oil Trades Above $100 as Iran Vows to Keep Hormuz Closed ByBloomberg Mar 13, 2026 Bloomberg (Bloomberg) --Brent crude traded above $100 a barrel following one of the most volatile weeks ever for the oil market, with investors bracing for more upheaval as Iran pledged to keep the vital Strait of Hormuz effectively shut. The global oil benchmark swung on Friday after jumping 9.2% in the previous session, with price fluctuations this week covering the widest range on record. US President Donald Trump cast a fresh warning to Iran, while the country’s new supreme leader said Hormuz should remain closed. In a further effort to try and tame surging prices, the US issued its second temporary waiver for the purchase of Russian oil. The latest measure, which is for oil that was loaded onto vessels before March 12, is broader than a directive earlier this month that only cleared India to boost its buying. The near-halt to shipping through the narrow Strait of Hormuz between Iran and the Arabian Peninsula has choked off shipments of crude, natural gas and products such as diesel to global customers, driving up energy prices. Several ships have been attacked this week, adding to th…

🌍 Iran War Could Trigger Global Economic Shock Analysts are warning that escalating conflict and soaring oil prices could have serious consequences for economies around the world. www.ukbreakingnews24x7.com/world/iran-w... #OilPrices #Economy #Iran #WorldNews

Oil prices: Analysts raise the alarm as crude soars over Iran war - CNBC In this article Analysts warned on Monday the price of oil could keep rising, with one warning of a "game-changing and unprecedented" energy crisis as the price rose amid the war in theMiddle East. Oil prices were on track for their biggest-ever jump in a single day on Monday, before significantly paring gains, following afresh wave of U.S. and Israeli strikesacross Iran over the weekend. Oil depots were among the targets. International benchmarkBrent crude futureswith May delivery traded 11.6% higher at $103.47 per barrel on Monday, while U.S.West Texas Intermediate futureswith April delivery were last seen 12.2% higher at $101.97. Brent futures had climbed as high as $119.5 per barrel earlier in the trading day, while WTI hit a session high of $119.48. Neil Atkinson, former head of oil at the International Energy Agency, said the effective closure of thestrategically vital Strait of Hormuzis something energy markets had never seen before. Unless something changes very soon "we are in a potentially game-changing and unprecedented energy crisis," he told CNBC on Monday. Countries across the oil-rich Mid…

Oil rises as attacks renew safety fears in the Strait of Hormuz Three vessels in or near the Strait of Hormuz were reportedly hit by projectiles that a U.S. official said were fired by Iran, all in under 24 hours. Reuters Share Add NBC News to Google July 7, 2026, 1:37 PM EDT / Updated July 7, 2026, 4:07 PM EDT By Steve Kopack and Katherine Doyle Oil prices jumped to their highest level since June 25 Tuesday, after the U.S. revoked a temporary sanctions waiver that had allowed for the sale of Iranian oil on the global market. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The Trump administration’s decision came after multiple tankers near the Strait of Hormuz had been hit by unknown projectiles. In late afternoon trading, U.S. crude oil rose more than 5% to more than $72 per barrel. International Brent crude oil also rose 5.3% to more than $75 per barrel. “As President Trump and the administration have repeatedly affirmed, the [memorandum of understanding] in effect with Iran is entirely performance-based,” a U.S. official told NBC News on Tuesday afternoon. “Iran will only reap benefits if they exhibit good behavior. Iran’s a…

Oil prices surged and stock markets weakened after Trump's latest warning to Iran heightened concerns over global energy supplies. www.ukbreakingnews24x7.com/business/oil... #OilPrices #Markets #Iran #Trump #Investing #Economy #Energy #BusinessNews

Iran War Is Going to Make Oil Changes More Expensive Government Business Safety Fuel Logistics Iran War Is Going to Make Oil Changes More Expensive Base Oils, Used to Make Motor Oil, Are in Short Supply Nathan Risser and Will Kubzansky | Bloomberg News Workers inspect vehicles at an oil change location in Indianapolis. (Luke Sharrett/Bloomberg) May 13, 2026 12:43 PM, EDT [Stay on top of transportation news: Get TTNews in your inbox .] The Iran war is throwing a niche corner of the oil market into disarray as fallout from scrambled supply chains for the commodity reaches all the way to the automotive maintenance and industrial sectors. Energy inflation is rippling through the U.S. economy with the retail price of gasoline and diesel approaching all-time highs, fueling the worst inflation in years . Now, a broad group of industrial lubricants known as base oils are in very short supply with no signs of easing on the horizon. The U.S. imports about 44% of its supply of what’s known as Group III base oil, the raw material used to make motor oil, from the Middle East, Independent Lubricant Manufacturers Association CEO Holly Alfano said in an interview with Bloomberg. One of the major …

Oil prices rise after fresh US strikes on Iran and return of sanctions on Tehran – business live | Business https://www.europesays.com/uk/1075748/ Key events Severn Trent had ‘serious failings’ in wastewater duties but escapes fine The water company Severn Trent…#uk #news #uknews

How the war in Iran could make your car's oil change more expensive ... Gas prices aren’t the only rising auto expense linked to the conflict in the Middle East.Next up: your car’s oil change. A likely shortage of synthetic motor oil tied to theIran warcould drive up the cost of a conventional oil change by as much as 40% ahead of the summer road trip season, according to industry analysts. Iran has restricted access tothe Strait of Hormuz, where tanker ships move roughly 20% of the global oil supply on its way to markets around the world. But the waterway handles an even higher percentage — 44% — of the global supply of so-calledGroup III base oil, the raw material for those plastic jugs of synthetics that keep auto engines running properly. Some Baltimore-area auto shops are already seeing higher prices from oil distributors, and a supply crunch could push them even higher or lead to empty shelves at auto parts stores. With rising gas prices, higher repair and insurance costs, and higher prices on new and used vehicles, car ownership is growing more expensive than ever. “It’s all bad news,” said Nate Chenenko, a principal at the global consulting firm Ducker Carlisle who an…

Tanker rates for the Persian Gulf are spiking, cutting off crude flows to China and India. Oil prices and energy‑sector stocks could take a hit, as shareholders eye potential red‑flags in crude logistics and ETF exposure. Stay alert. #CrisisCapital

Oil prices: Analysts raise the alarm as crude soars over Iran war - CNBC In this article Analysts warned on Monday the price of oil could keep rising, with one warning of a "game-changing and unprecedented" energy crisis as the price rose amid the war in theMiddle East. Oil prices were on track for their biggest-ever jump in a single day on Monday, before significantly paring gains, following afresh wave of U.S. and Israeli strikesacross Iran over the weekend. Oil depots were among the targets. International benchmarkBrent crude futureswith May delivery traded 11.6% higher at $103.47 per barrel on Monday, while U.S.West Texas Intermediate futureswith April delivery were last seen 12.2% higher at $101.97. Brent futures had climbed as high as $119.5 per barrel earlier in the trading day, while WTI hit a session high of $119.48. Neil Atkinson, former head of oil at the International Energy Agency, said the effective closure of thestrategically vital Strait of Hormuzis something energy markets had never seen before. Unless something changes very soon "we are in a potentially game-changing and unprecedented energy crisis," he told CNBC on Monday. Countries across the oil-rich Mid…

⛽ Oil Surges Above $100 A Barrel Global oil prices have climbed above $100 for the first time since 2022 as markets react to escalating tensions in the Middle East. www.ukbreakingnews24x7.com/business/ira... #OilPrices #Energy #Economy #BusinessNews

9️⃣ Hormuz Crisis Could Trigger Price Shock ⛽ Analysts warn disruption in the Strait of Hormuz could drive inflation higher and impact fuel, food and EV supply chains. Read more: www.ukbreakingnews24x7.com/business/hor... #Inflation #OilPrices #StraitOfHormuz #Economy #BusinessNews #SupplyChain

How to weather the global energy crisis: IEA - CNBC In this article Supply measures alone won't be enough to mitigate "the largest supply disruption in the history of the global oil market" amid an escalating conflict in the Middle East, the International Energy Agency warned on Friday. Instead of waiting for disrupted production to recover, lowering demand could ease pressure on consumers and help bring prices down more quickly. Minimizing road and air transport, working from home where possible, and switching to electric cooking could significantly help cushion the shock for consumers, the agency said. Heightened geopolitical risk has rattled traders, sending not only crude prices higher but also sharply increasing costs for refined products such as diesel and jet fuel, which directly impact transportation, logistics and consumer prices. Oil prices have surgedmore than 40% since thestart of the U.S.-Iran war on Feb. 28, reaching their highest levels since 2022 as supply has been severely disrupted, mostly due to the effective closure of theStrait of Hormuz. The strait is a narrow maritime corridor off Iran's coast that connects the Persian Gulf and the Gulf of Oman and nor…

⛽ Iran Conflict Sparks Global Energy Shock Oil and gas prices are rising as the Iran conflict rattles global markets. Explore the latest data and see how consumers could be affected. www.ukbreakingnews24x7.com/business/how... #OilPrices #GasPrices #Energy #BusinessNews #Economy

Physical oil prices have surged above levels seen during the 2008 peak as concerns over the Strait of Hormuz continue to impact markets. www.ukbreakingnews24x7.com/business/phy... #OilPrices #Energy #StraitOfHormuz #Markets #Economy #BusinessNews #Investing #GlobalTrade

Oil prices rise after fresh US strikes on Iran and return of sanctions on Tehran – business live | Business https://www.europesays.com/3115942/ Key events Severn Trent had ‘serious failings’ in wastewater duties but escapes fine The water company Severn Trent…

Oil prices inch higher as focus shifts to supply, demand and Hormuz shipments Oil prices saw a slight increase Tuesday after a tanker was struck near the Strait of Hormuz. This incident raised security concerns on a vital global oil shipping route. However, market gains were limited as traders focused on rising crude supplies. The United Arab Emirates and OPEC+ have agreed to increase their oil production levels. Saudi Arabia also lowered its August crude selling price for Asian markets.

Moody's Mark Zandi: Risk of recession was increases prior to war in ... Economists are only growing more antsy about the state of the economy as the conflict in Iran continues. Recommended Video Moody’s Analytics raised its recession outlook for the next 12 months to 48.6%, following the same pattern as Goldman Sachs, which now forecasts a 30% risk of recession, and EY-Parthenon, which put recession odds at 40%. The baseline probability of a recession sits around 15% to 20%. Prior to the U.S.-Israeli attack on Iran at the end of February, economic indicators were already suggesting precarious economic conditions. A dismal February jobs report showed the economy unexpectedly lost 92,000 jobs in the previous month, defying estimations of a 60,000-job increase and dashing hopes of a labor market recovery after the U.S. added just 181,000 jobs in 2025. Moreover, the unemployment rate is eking toward 4.5% , up from 3.4% three years ago, coinciding with decelerating wage growth , particularly for lower-income Americans. On top of those factors, an ongoing war in the Gulf has raised concern among analysts of an oil shock being the tipping point to send the U.S. into a slump, one top econ…

🔟 Oil Prices Surge After Iraqi Tankers Struck ⛽ Oil prices surged again after two Iraqi tankers were reportedly struck in a suspected Iranian attack. Full story: www.ukbreakingnews24x7.com/world/oil-pr... #OilPrices #BreakingNews #Iran #Iraq #EnergyMarkets #WorldNews #Geopolitics

How to weather the global energy crisis: IEA - CNBC In this article Supply measures alone won't be enough to mitigate "the largest supply disruption in the history of the global oil market" amid an escalating conflict in the Middle East, the International Energy Agency warned on Friday. Instead of waiting for disrupted production to recover, lowering demand could ease pressure on consumers and help bring prices down more quickly. Minimizing road and air transport, working from home where possible, and switching to electric cooking could significantly help cushion the shock for consumers, the agency said. Heightened geopolitical risk has rattled traders, sending not only crude prices higher but also sharply increasing costs for refined products such as diesel and jet fuel, which directly impact transportation, logistics and consumer prices. Oil prices have surgedmore than 40% since thestart of the U.S.-Iran war on Feb. 28, reaching their highest levels since 2022 as supply has been severely disrupted, mostly due to the effective closure of theStrait of Hormuz. The strait is a narrow maritime corridor off Iran's coast that connects the Persian Gulf and the Gulf of Oman and nor…

Oil prices hover near $95 as Iran conflict keeps global supplies in a ... Strait of Hormuz fallout tightens supplies, keeping fuel prices elevated Crude oil futures held near multi-month highs on Tuesday (June 2, 2026), with US benchmark WTI trading around$92per barrel and international Brent near$95, as lingering fallout from the US-Israel-Iran conflict continues to disrupt critical Middle East energy flows. The elevated prices reflect persistent supply fears more than three months into regional hostilities that effectively closed the Strait of Hormuz — the narrow chokepoint carrying roughly one-fifth of global seaborne oil — and triggered production shut-ins across multiple Gulf nations. Oil markets entered 2026 expecting a potential surplus, with forecasts from banks like J.P. Morgan pointing to softer fundamentals and Brent possibly averaging around $60 later in the year amid ample non-OPEC supply and moderating demand. Those expectations collapsed in March as escalation between the US, Israel and Iran led to attacks on energy infrastructure, halted tanker traffic through Hormuz. The conflict forced major output curtailments in countries including Iraq, Saudi Arabia, Kuwa…

Iran War Causes Largest Oil Crisis Ever: IEA Warns of Historic Supply ... What is the IEA Oil Crisis Report? The International Energy Agency (IEA) has issued a historic warning that the ongoing conflict between the United States, Israel, and Iran has triggered the largest oil supply disruption in global market history. In its March 2026 Oil Market Report, the Paris-based agency revealed that the war has created unprecedented challenges for global energy security, with the Strait of Hormuz effectively closed and global oil production projected to drop by 8 million barrels per day this month alone. This represents a staggering 7.5% reduction in global supply, marking the most severe energy crisis since the 1970s oil shocks. Unprecedented Strait of Hormuz Closure The core of the crisis lies in Iran's retaliatory closure of the Strait of Hormuz, a critical maritime chokepoint that normally handles approximately 20% of global oil shipments. According to IEA data, tanker traffic through this vital waterway has plummeted by more than 90%, dropping from 20 million barrels per day to a mere trickle. 'This represents the largest supply disruption in global oil market history,' stated the IE…

What's Keeping Oil Prices Relatively Low? - The Dispatch Unlocked Dispatch Energy What’s Keeping Oil Prices Relatively Low? A lull in the Iran war has helped prevent price spikes, but the potential for long-lasting market disruptions remains. Rory Johnston / April 28, 2026 Audio Turn any article into a podcast. Upgrade now to start listening. Text Size Members can share articles with friends & family to bypass the paywall. Facebook Twitter LinkedIn Threads Email 0 Open and scroll to the comments section Welcome to Dispatch Energy ! In my last newsletter , I argued that the Iran war and the closure of the Strait of Hormuz represented the largest oil supply shock in history. I warned of truly dire consequences for the global economy should the disruption persist: “The global oil industry will have no hope of filling that supply hole this year or next (or next).” Yet, we are now exactly two months into this crisis and crude oil prices are still hovering around the $100 per barrel mark. What gives? Oil Market Limbo A pumpjack on April 23, 2026. (Photo by Mario Tama/Getty Images) First and foremost, it’s worth noting that the fundamental market challenge remains unchanged and its effec…

8️⃣ IEA Warns of Major Oil Supply Disruption 📈 The International Energy Agency says the Iran conflict could trigger one of the largest oil supply disruptions in recent history. Full story: www.ukbreakingnews24x7.com/business/iea... #OilPrices #EnergyMarkets #IEA #BusinessNews #GlobalEconomy #Iran

Iran war fears hit markets: Oil surges, stocks plunge - NBC News Add NBC News to Google Gas prices spike as war in Iran hits fourth day 02:02 Get more news Live on Share Add NBC News to Google March 3, 2026, 7:12 AM EST / Updated March 3, 2026, 4:08 PM EST By Steve Kopack U.S. stocks tumbled and energy prices soared Tuesday as fears spread through global markets that the Iran war may bring prolonged disruption. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The S&P 500 and Nasdaq Composite both closed down around 1%, while the Dow wrapped up the trading session by falling more than 400 points. Earlier in the day, stocks faced steeper losses. At the lows earlier in the session, the S&P 500 declined as much as 2.5% and the Dow plunged 1,277 points. The Nasdaq was down as much as 2.7%. Follow live updates here. An offshore oil and gas platform in California in 2025. Mario Tama / Getty Images Meanwhile, energy prices continued to soar after posting a large jump Monday. Earlier in the day, U.S. crude oil traded higher by 8%, bringing its total increase since Sunday night to more than 13% and pushing prices to their highest since Jan…

Oil prices remain volatile following renewed geopolitical tensions involving Iran and the United States. www.ukbreakingnews24x7.com/business/oil... #OilPrices #Markets #BusinessNews #Energy #Iran #GlobalEconomy

Peak Oil Demand Has Arrived | Peak Oil News and Message Boards Exploring Hydrocarbon Depletion Peak Oil is You Donate Bitcoins ;-) or Paypal :-) Page added on June 12, 2026 The US/Israeli-Iran war may be remembered for many things, not least the closure of the Strait of Hormuz, the reshaping of Middle Eastern geopolitics, and the damage done to the global economy. But another consequence is less obvious: The largest oil-supply disruption in modern history has accelerated the arrival of peak oil demand. Four months ago, the effective closure of the Strait of Hormuz triggered a global energy crisis. Oil prices surged, trade flows were disrupted, governments scrambled to shield consumers from rising costs, and businesses were forced to adjust to an increasingly uncertain energy landscape. But amid the disruption, another trend emerged as countries began adapting to life with less oil. What began as a supply shock increasingly became a demand story, forcing the energy sector to reconsider one of its most important assumptions: the continued growth of global oil demand. Before the war, the International Energy Agency projected that oil demand would rise by 2.5 mb/d from 2024 to 2…

Oil rises as US strikes on Iran raise fears over shaky truce <p>Oil prices gained more than 2 per cent on Wednesday after the US military <a href="https://www.dawn.com/news/2013772/iran-guards-say-american-bases-in-kuwait-bahrain-hit-after-us-unleashes-new-wave-of-strikes">launched</a> airstrikes against Iran and <a href="https://www.dawn.com/news/2013643/us-revoking-license-that-authorised-iranian-oil-sales-official-says">reimposed</a> crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again.</p> <p>Brent crude futures gained $1.92, or 2.6pc, at $76.08 a barrel at 0400 GMT. US West Texas Intermediate crude climbed $1.82, or 2.6pc, to $72.26 a barrel.</p> <p>Both benchmarks rose about 3pc on Tuesday after the US revoked the general licence authorising the sale of Iranian crude following the Iranian attacks.</p> <p>“While the revocation doesn’t fundamentally change oil market dynamics, it’s important from a sentiment perspective. It heightens the risk of a breakdown in the temporary deal between the US and Iran,” ING commodity strategists said on Wednesday.</p> <p>The US airstrikes were in response to Iranian attacks…

Oil Prices Jump After Trump Says Deal With Iran Is ‘Over’ Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.

World weathers historic oil shock, but depleted reserves bring risks The world has coped unexpectedly well with the disappearance of over a billion barrels of oil since the start of the Iran war, yet the risk of sharp price increases still hangs as...

Iran war-hit oil prices will soon rise if Hormuz stays shut - CNBC In this article The clock is ticking on theU.S.-Israeli war in Iran. The emerging view from oil industry executives and analysts is that theeconomic and market falloutfrom the war could escalate sharply if the Strait of Hormuz isn't reopened within roughly the next one to three weeks. Even then, enough damage may have been done already to leaveenergy and many other priceshigher for longer. These risks haven't been clearly reflected in some widely followed markets, including stocks broadly and thebenchmark Brent crude price. Stopgap measures to soften the blow of the oil cutoff have kept crude prices relatively low in the U.S. and European markets. But when those measures lose their effectiveness in early-to-mid April, analysts warn there will be little the U.S. or other governments can do to keep energy prices from rising dramatically. Iran has attackedcivilian shipsandenergy infrastructurein its neighborhood, causing traffic in the narrow Strait of Hormuz to fall to a standstill. Roughly 20% of the global oil supply normally passes through the approximately 100-mile-long waterway bordering Iran. Some oil has be…

While Oil Prices Have Fallen From Their Peak, Here's Why They Could ... Before the geopolitical conflict in the Middle East broke out, Brent crude was trading in the $60 range. As fighting flared, news from the conflict pushed oil up to just over $130 a barrel. Today, as the two sides appear to have reached a tentative agreement to end the conflict, oil is trading around $80. It seems logical to expect oil to return to $60 in short order, assuming the agreement to end the conflict holds. But two ofthe world's largest energy companies,ExxonMobil(XOM+0.56%)andChevron(CVX+2.12%), have warned that industry fundamentals are weaker than Wall Street realizes. That could mean higher, not lower, prices once fundamentals start to drive energy prices. Image source: Getty Images. The geopolitical conflict in the Middle East effectively shut the Strait of Hormuz. It is estimated that about 20% of the world's oil flows through that chokepoint. That's a huge amount of oil, and it is why the Strait became such an important point of contention. You can't simply shut off the spigot and expect nothing to happen. The obvious first impact was a rapid rise in energy prices. However, that was just t…

IEA Warns of Largest Oil Supply Disruption in History | OilPrice.com Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices Oil Prices Spike After Iran Launches Missile Attack on Israel Find us on: China now views Russia less… The Iran war is threatening… Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info The Middle East war is creating the biggest supply disruption in the history of the oil market as flows of about 20 million barrels per day of crude and products through the Strait of Hormuz have crashed to a trickle, the International Energy Agencysaidon Thursday. With limited capacity available to bypass the crucial waterway and storage filling up, Gulf countries have slashed their combined oil production by at least 10 million bpd, the IEA said in its monthly Oil Mar…

#Oil $£ Surges as Iran and Israel Exchange Strikes, Shattering Fragile Ceasefire www.kurdistan24.net/en/story/918... #FTSE 100 slides and oil price rises on Iran-Israel attacks Brent crude gains 4 per cent and shares investors are wary 🤒 www.thetimes.com/business/com... #Politics #World #Economy

Middle East war: After oil and gas, concerns grow over minerals crunch | UN News FacebookTwitterPrintEmail The shipping crisis in the Strait of Hormuz caused by war in the Middle East has exposed a new threat: a looming shortage of strategic minerals that drive economies all over the world – and a race by countries to obtain them. Until war erupted on 28 February with the Israeli-US bombing of Iran and counterstrikes across Gulf States, a wide range of key minerals and related products was available, according to the UN Economic Commission for Europe (UNECE). But as the conflict goes on, the pressure has increased to obtain these same raw materials, to ensure the continuing production of everything from semiconductors to solar panels. The result has been higher prices on commodities markets and a potential pivot to new production sites where there’s less geopolitical uncertainty, increasing the number of countries that can process minerals such as rare earths. “The impact of the Gulf War, it is not only in the energy market, it's been impacting some sub-products coming from oil” such as sulphur, helium and naphtha - said Dario Liguti, Director of UNECE’s Sustainable Energy Di…

Oil market chaos to deepen as more Gulf giants cut output The chaos that has gripped the oil market looks set to deepen, with more production getting cut as the war in Iran effectively shuts the Strait of Hormuz, and the US considers widening its range of targets in the country. Recommended Video The United Arab Emirates and Kuwait have already started reducing oil production as storage runs out, joining Iraq, whose output is now down 60%. Others may be forced to follow as oil tankers continue avoiding the narrow waterway, rapidly reducing the number of empty ones available for loading. Once all the vessels are loaded, the region’s remaining on-land storage will fill even quicker. The upheaval, now in its ninth day, shows no sign of imminent resolution, meaning a strip of water that normally handles a fifth of the world’s oil is impassable. Saudi Arabia is diverting record amounts of crude to its Red Sea coast for export, helping to alleviate at least some of the pressure. Iran has vowed not to back down in the face of US and Israeli strikes that began on Feb. 28. President Donald Trump responded on Saturday by saying the US would now consider targeting areas and groups of people …

🏦 Banking & Cost of Living — Oil Prices Rise Oil prices climb again after US strikes on Iran shattered the ceasefire — watch fuel costs this month. https://ukprepperhub.co.uk/j3yi?utm_source=bluesky&utm_medium=social&utm_campaign=daily-news #UKEconomy #CostOfLiving #UKPrepperHub

📉 Stock Markets Fall As Oil Prices Surge Global markets are under pressure as fears over the Strait of Hormuz push oil prices higher and rattle investors worldwide. www.ukbreakingnews24x7.com/business/sto... #StockMarket #OilPrices #Economy #BusinessNews

Asian refiners brace for surge in Persian Gulf oil after US-Iran ceasefire agreement https://www.europesays.com/iran/165823/ Published Thu, Jun 18, 2026 · 01:56 PM [SINGAPORE] An impending wave of oil that’s been trapped inside…

Conflict in Iran and the Global Oil Market - IER Joint U.S. and Israeli military strikes on Iran began late February 28, 2026, targeting leadership (including the killing of Supreme Leader Ayatollah Ali Khamenei), nuclear facilities, missile sites, and military infrastructure. President Trump indicated the campaign could last weeks or longer. On March 2, 2026, Brent crude futures rose to $78–80 per barrel (up 7–9%), and WTI to $70–73 (up 6–8%). This single-day increase is modest historically; inflation-adjusted prices remain low compared to past peaks. Shipping traffic in the Strait of Hormuz dropped over 80%. Markets are pricing in multi-week disruption rather than indefinite crisis as U.S. energy security from growing production offers stability. Oil futures rose on Monday following joint U.S. and Israeli military strikes on Iran over the weekend, asthe escalating conflict expanded across the Middle Eastand raised fears of disruptions to global energy supplies. The attacks, which began late February 28, 2026, targeted Iranian leadership, including the killing of Iran’s leader, Ayatollah Ali Khamenei. Other targets within Iran included nuclear facilities, missile sites, and …

🔥 US revokes Iranian oil sales license after tanker attacks in Strait of Hormuz, oil jumps 5%+! Tighter sanctions hit Iran’s exports (key to China), risking supply shocks & derailing nuclear talks. Geopolitics fueling energy volatility. Bullish for alternatives? Your take? #Oil #Geopolitics

🛢️ Oil surges to $105 as the Strait of Hormuz crisis fuels fears over global energy supplies and economic stability. www.ukbreakingnews24x7.com/business/oil... #OilPrices #EnergyCrisis #GlobalMarkets #Economy #BusinessNews #StraitOfHormuz #WorldNews

Oil prices climb above $100 as markets react to rising tensions and reports of action against Iranian ports. www.ukbreakingnews24x7.com/business/oil... #OilPrices #EnergyMarkets #BusinessNews #GlobalEconomy #Investing

🛢️ Oil prices have surged back above $110 following fresh tensions between the US and Iran. www.ukbreakingnews24x7.com/business/oil... #OilPrices #EnergyMarkets #Trump #Iran #BusinessNews #Economy #Commodities

9️⃣ Iran Warns of $200 Oil 📈 Iran has warned the world to prepare for oil reaching $200 per barrel amid escalating regional tensions. Read more: www.ukbreakingnews24x7.com/world/iran-t... #OilPrices #Iran #EnergyMarkets #WorldNews #GlobalEconomy #BreakingNews

Econosights - Middle East, Inflation and GDP - AMP Econosights The biggest market impact (so far) from the war in the Middle East has been on oil prices. This is because the region in and around Iran has significant oil reserves, energy facilities and control global oil shipping routes. Diana Mousina Deputy Chief Economist, AMP Published 01/04/2026 Crude oil is a key commodity used around the world in transportation but also to produce or transport other goods. The supply shock from the closure of the Strait of Hormuz is one of the largest hits to oil supply of all time. Oil prices have doubled from their pre-war levels and sharemarkets have had a modest drawdown. But, if there is no resolution to resuming oil supply, oil prices will surge further and have a significant downward hit to demand. The risk of a further 5-10% drawdown in markets is very high. But our base case for now is that US and Iranian negotiations are successful over coming weeks. However, it may take a while for oil prices to normalise again. So higher inflation is likely for ~6 months. Consumer spending will slow and GDP growth will be lower than it could have been. The oil supply shock puts central ba…

Middle East war sends crude higher, fuels fresh inflation risk in Nigeria Middle East war sends crude higher, fuels fresh inflation risk in Nigeria By : Kingsley Jeremiah , Ngozi Egenuka , Waliat  Musa Date: 3 March 2026 5:15am WAT Share : Follow Us on Google Discover Smoke rises from Beirut’s southern suburbs after an Israeli airstrike, amid escalating tensions between Hezbollah and Israel during the U.S.–Israeli conflict with Iran. Lebanon, March 2, 2026. Photo: Mohamed Azakir/Reuters. Smoke rises from Beirut’s southern suburbs after an Israeli airstrike, amid escalating tensions between Hezbollah and Israel during the U.S.–Israeli conflict with Iran. Lebanon, March 2, 2026. Photo: Mohamed Azakir/Reuters. • Dangote raises ex-depot price to N874; pump prices set to climb • Brent jumps 13 per cent as Hormuz disruption chokes supply • Analysts warn crude could hit $120 if tanker traffic stalls • Depot owners suspend sales over replacement cost fears • Higher oil revenue may be offset by rising food, transport costs • Qatar halts LNG output; Saudi refinery shuts after strikes • Wealthy executives exit region as airspace closures widen crisis • U.S. issues security alert to c…

Oil prices briefly fell below $100 a barrel while global stock markets rallied after Trump's comments suggesting the Iran conflict could be resolved without further escalation. www.ukbreakingnews24x7.com/business/oil... #OilPrices #StockMarket #Markets #Investing #Economy #Energy #Iran #Trump

Gas prices have surged 30% and oil has climbed to $115 as escalating strikes rattle global energy markets. www.ukbreakingnews24x7.com/world/gas-pr... #LASO #OilPrices #GasPrices #Energy #Markets #WorldNews #Economy