World

Oil Prices Surge Amid US-Iran Tensions

Updated 2026-05-08 03:30 UTC 2 sources Negative

Brent crude prices surged as tensions escalated between the United States and Iran in the Strait of Hormuz. The critical waterway saw increased military activity, raising concerns about global oil supply disruptions.

Coverage timeline — 4 articles
Al Jazeera
Brent crude rises amid clashes in critical waterway.
2026-05-08 03:03 UTC
Al Jazeera
While Trump has talked about diplomacy, fears of a ground invasion in Iran loom as US troops arrive in the region.
2026-03-30 07:15 UTC
The Guardian
Stock markets in Asia drop sharply, with investors nervous over escalation of Middle East conflict<a href="https://www.theguardian.com/business/live/2026/mar/30/brent-crude-rises-trump-oil-iran-war-starmer-business-leaders-emergency-measures-rachel-reeves-g7-business-latest-news-up
2026-03-30 07:28 UTC
Al Jazeera
US President Trump meets with oil firms over ways to minimise impact on fuel supplies amid US blockade of Iranian ports.
2026-04-30 04:06 UTC
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