SINGAPORE: Oil prices rose for a third day on Tuesday as the widening US-Israeli conflict with Iran and threats to shipping through the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region. Brent crude futures were at $79.44 a barrel, up $1.70, or 2.2 percent, by 07:00 am Saudi time. On Monday, the contract surged to as high as $82.37, its highest since January 2025, though it pared those gains to settle 6.7 percent higher. US West Texas Intermediate crude jumped $1.17, or 1.6 percent, to $72.40 a barrel.

Brent crude rose by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of disruption

JEDDAH: Oil prices surged by as much as 13 percent on March 2 after retaliatory Iranian attacks disrupted shipping in the Strait of Hormuz, following Israeli and US strikes on…

It comes after prices surged on Monday and as the US is set to announce plans to deal with the rising cost of energy.

SINGAPORE: Oil prices rose for a third day on Tuesday as the widening US-Israeli conflict with Iran and threats to shipping through the Strait of Hormuz heightened fears of…

LONDON: Oil prices rose 3 percent on Wednesday as the US-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President…

TOKYO/SINGAPORE: Oil prices surged more than 3 percent on Thursday, extending a rally as the escalating US-Israeli war with Iran raised fears of prolonged disruptions to vital…