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LN24 > Blog > global oil market
Oil Prices Surge Past $100 per Barrel as Iran War Disrupts Global Energy Markets
09
Mar

Oil Prices Surge Past $100 per Barrel as Iran War Disrupts Global Energy Markets

  • LN24 / 2 weeks
  • 0
  • 2 min read

Global oil prices surged past the $100 per barrel mark for the first time in more than three and a half years on Sunday, as the ongoing conflict in the Middle East continues to disrupt energy production and shipping routes across the region. The price of Brent crude, the international benchmark for oil, rose sharply […]

Iranian Parliament Backs Strait of Hormuz Closure
23
Jun

Iranian Parliament Backs Strait of Hormuz Closure

  • LN24 / 9 months
  • 0
  • 8 min read

Oil Market Braces for Turmoil Iranian state-owned outlet Press TV has released a new report quoting Major General Kowsari, a senior member of the Iranian Parliament’s National Security Commission, who stated that the Parliament has reached the conclusion that the Strait of Hormuz should be closed, but the final decision in this regard lies with […]