Oil Prices Rise Above $106 After US Strike on Iran's Kharg Island

International oil prices have surged, with Brent crude exceeding $106 per barrel, following a US strike on Iran's crucial Kharg Island. This development intensifies focus on the region's impact on global energy markets.

16 Mar, 06:56 — 16 Mar, 06:56

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Al JazeeraMostly Factual7h ago

Japan begins release of oil reserves as Iran war sparks energy crisis

Tokyo's move comes as oil prices remain elevated amid the effective closure of the Strait of Hormuz.

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Oil Prices Rise Above $106 After US Strike on Iran's Kharg Island

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Japan begins release of oil reserves as Iran war sparks energy crisis

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