Latest
Giorgia Meloni Demands Full Opening of the Strait of Hormuz Without Restrictions Israel Slams Pakistan’s Mediation in US–Iran Talks, Sparks Global Debate Israel's Warnings of Attack on Iran's Nuclear Assets: "If No Agreement is Reached, War is the Only Option" – Harsh Remarks by Benjamin Netanyahu Trump to Discuss Possible US Exit from NATO in White House Meeting with Rutte 🔥 US–Iran Showdown in Islamabad: Make-or-Break Talks to Defuse West Asia Crisis Giorgia Meloni Demands Full Opening of the Strait of Hormuz Without Restrictions Israel Slams Pakistan’s Mediation in US–Iran Talks, Sparks Global Debate Israel's Warnings of Attack on Iran's Nuclear Assets: "If No Agreement is Reached, War is the Only Option" – Harsh Remarks by Benjamin Netanyahu Trump to Discuss Possible US Exit from NATO in White House Meeting with Rutte 🔥 US–Iran Showdown in Islamabad: Make-or-Break Talks to Defuse West Asia Crisis

Iran War Oil Crisis: Global Prices Surge Amid Strait Blockade

Brent Crude Hits $78 as Hormuz Closure Threatens 30% of World SupplyDescription: The escalating Iran-US-Israel conflict has sent shockwaves through global energy markets,

Asian Media Network | Published on: Mar 4, 2026, 1:19 AM
War News

Brent Crude Hits $78 as Hormuz Closure Threatens 30% of World SupplyDescription: The escalating Iran-US-Israel conflict has sent shockwaves through global energy markets, with Brent crude oil prices jumping 10% to $78.52 per barrel following Iran's blockade of the Strait of Hormuz— a vital chokepoint for 20-30% of the world's oil shipments.

 Supreme Leader Khamenei's death has intensified fears, pushing WTI crude to $75 and analysts warning of $100-150 peaks if hostilities persist.

 Shipping and insurance costs are soaring, with India's petrol prices already up ₹10-15, amplifying economic strain on import-dependent nations.

Related Stories

Israel's Warnings of Attack on Iran's Nuclear Assets: "If No Agreement is Reached, War is the Only Option" – Harsh Remarks by Benjamin Netanyahu

🔥 US–Iran Showdown in Islamabad: Make-or-Break Talks to Defuse West Asia Crisis

Israel Launches Biggest Airstrikes on Hezbollah in Lebanon | Beirut, Bekaa Valley Hit

Iran to Join U.S. Talks in Islamabad as Pakistan Pushes Peace Efforts

Israel launches heavy strikes on Beirut as Netanyahu refuses to include Lebanon in Iran ceasefire, raising fears of truce collapse.

Iran Ceasefire Announced, But Lebanon Left Out of Agreement, Israel Clarifies

Latest Articles

  1. Giorgia Meloni Demands Full Opening of the Strait of Hormuz Without Restrictions
  2. Israel Slams Pakistan’s Mediation in US–Iran Talks, Sparks Global Debate
  3. Israel's Warnings of Attack on Iran's Nuclear Assets: "If No Agreement is Reached, War is the Only Option" – Harsh Remarks by Benjamin Netanyahu
  4. Trump to Discuss Possible US Exit from NATO in White House Meeting with Rutte
  5. 🔥 US–Iran Showdown in Islamabad: Make-or-Break Talks to Defuse West Asia Crisis
  6. 🔥 Severe Heatwave Alert for Next 3 Days in Telangana
  7. 🔥 EXPLOSIVE SCENES IN LOS ANGELES: Pro-Iran Crowds Dance to Trump’s ‘YMCA’ — Streets ERUPT 🔥
  8. Gold Prices Vary Across India: Why Kerala Is Known as the Country’s ‘Gold Capital’
  9. 🇫🇷 Macron Pushes Hard Peace Agenda After Iran–US Ceasefire Talks, Warns on Nuclear & Missile Threats
  10. 🇺🇸🇮🇷 Trump Rejects Iran’s “10-Point Plan”, Calls It “Unserious” and “Unacceptable”
Comments

Sign in with Google to comment.