US to release 172 million barrels of oil from strategic petroleum reserve - Reuters

US to release 172 million barrels of oil from strategic petroleum reserve  Reuters

IEA agrees to record release of emergency oil reserves in an effort to calm surging prices - AP News

IEA agrees to record release of emergency oil reserves in an effort to calm surging prices  AP News

'Heating oil suppliers are holding us to ransom'

People across the South East say the cost of heating their home soared after war broke out in Iran.

Why Oil Prices Surged Even After the Release of Strategic Reserves

Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.

By Aaron Krolik

Oil Extends Advance as Iran Rhetoric Outweighs Release Plan - Bloomberg

Oil Extends Advance as Iran Rhetoric Outweighs Release Plan  Bloomberg

Oil Trims Gains After Brent Soars Back Above $100 on Hormuz Fears - WSJ

Oil Trims Gains After Brent Soars Back Above $100 on Hormuz Fears  WSJ

Iran war causing ‘largest disruption in history’ to oil supplies, says IEA

Global crude output will fall to lowest level in four years, energy agency warns in report

International Energy Agency announces members will release 400 million barrels from oil reserves

The release exceeds the 182 million barrels of oil that member countries released in 2022 when Russia invaded Ukraine.

February inflation was unchanged but predates surge in energy prices

Inflation in February was flat compared with January but doesn’t include the surge in oil prices pushing up consumer costs.

By Andrew Ackerman

More airlines hike flight prices as Iran war continues to disrupt oil supply

Cathay Pacific, AirAsia and Thai Airways join Qantas in increasing prices, as travellers flock to airlines that don’t have Middle East stopovers Cathay Pacific, AirAsia and Thai Airways are among a growing number of airlines hiking air fares as conflict in the Middle East boosts oil prices and sends travellers flocking to alternative stopover destinations in Asia. The US and Israel’s war on Iran has sent the price of oil soaring while restricting access to refineries, with experts predicting ...

By Luca Ittimani

Oil rose above $100 again despite historic release of reserves as war with Iran rages - CNN

Oil rose above $100 again despite historic release of reserves as war with Iran rages  CNN

Why historic oil reserves release may do little to bring down rising prices

Oil prices continue to surge despite the International Energy Agency's plans to release 400m barrels into the market.

'Unprecedented' agreement releases emergency oil reserves as gas prices spark concerns

A cohort of developed nations agreed to release a record amount of emergency oil reserves Wednesday amid the impact that the U.S. attacks against Iran have had on the oil market.

European markets set to open lower as oil prices jump despite reserve release

European stocks are expected to open lower on Thursday as investors monitor the Iran war and global oil prices.

As the world acts to stabilize oil prices, Canada sees a potential windfall

Canada agreed with 31 other nations on Wednesday to release strategic oil reserves to try to control soaring oil prices. Canada stands to benefit if prices remain $20 to $30 above forecasts made before the start of the war in the Persian Gulf. But if oil climbs too high, it risks sparking a global recession.

IEA agrees to record release of emergency oil reserves to calm surging prices

The International Energy Agency agreed on Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects on energy markets of the war in the Middle East. The Paris-based organisation said it will make 400 million barrels of oil available from its members’ emergency reserves. It’s a larger stock than the 182.7 million barrels that were released in 2022 by the IEA’s 32 member countries in response to Russia’s invasion of Ukraine. IEA member...

By Associated Press

Banking, finance and consultancy firms evacuate staff in Gulf States

Several major international businesses closed or evacuated offices in Gulf countries after Iran threatened US- and Israel-linked economic targets and centres in the Middle East. US finance group Citi and British consultancy Deloitte evacuated offices in Dubai's financial centre, while PwC, another British consultancy, closed offices in Saudi Arabia, Qatar, the UAE and Kuwait. HSBC has closed all branches in Qatar until further notice.

By FRANCE24

Goldman warns of $150 oil peak as it hikes price target for second time in a week

If Strait of Hormuz stays shut through March then a 2008-type price spike is possible

By Jamie Chisholm

Crude Hits $100 Per Barrel Again As Strategic Oil Reserve Release Plan Fails To Calm Iran War Fears - Forbes

Crude Hits $100 Per Barrel Again As Strategic Oil Reserve Release Plan Fails To Calm Iran War Fears  Forbes

How Iran war is affecting ‘volatile’ UK housing market

Mortgage lenders have been withdrawing deals as concerns grow over rising prices amid conflict in the Middle East

By Vicky Shaw

Citi evacuates offices in the Middle East after Iran threatens to target banks

Citi said on Wednesday that it evacuated multiple offices in the Middle East amid reports of threats toward financial institutions by Iranian military leaders. Mike Campbell/NurPhoto via Getty Images Citigroup is among US firms warning staff to evacuate or stay in safe locations in the Middle East. The firm has turned to a "fully remote model" as the crisis in the Middle East continues. On Wednesday, reports suggested Iran could strike regional banks and financial targets. Some of the bigge...

ASX set to edge higher, Wall Street dips; $A rises; Oil’s wild ride - SMH.com.au

ASX set to edge higher, Wall Street dips; $A rises; Oil’s wild ride  SMH.com.au

LPG crisis updates LIVE: Oil prices climb as Iranian boats hit two fuel oil tankers

The Ministry of Home Affairs (MHA) is running a 24x7 control room by including nodal officers from the Ministry of Information and Broadcasting and Petroleum and Natural Gas

Oil prices up 4% as supply fears mount despite record stocks release plan

Liberia-flagged tanker ‘Shenlong’ carrying Saudi crude enters India via Strait of Hormuz

A Liberian-flagged oil tanker, captained by an Indian, successfully navigated the Strait of Hormuz to reach Mumbai Port. This marks a significant transit amid heightened Middle East tensions, with Iran reportedly granting safe passage to Indian vessels. Authorities are actively monitoring 28 Indian-flagged ships and seafarers in the Persian Gulf.

By TOI NEWS DESK

How oil tanker, headed to India, went 'dark' in Strait of Hormuz to evade US-Iran war

The Liberia-flagged Shenlong Suezmax oil tanker, carrying Saudi crude and captained by an Indian, berthed at the Mumbai Port on Wednesday evening.

Brent crude price breaches $100 mark again as Iran strikes ships in Gulf region; IEA to release 400 mn barrels oil to combat spike

Oil soars back above US$100 as Iran attacks Gulf shipping - The Straits Times

Oil soars back above US$100 as Iran attacks Gulf shipping  The Straits Times

Citibank closes most UAE branches temporarily as banks evacuate offices in region

Citibank will close most of its branches and financial centres in the United Arab Emirates through March 14 as a precautionary measure, the bank’s website showed on Thursday, following a wave of banks sending staff home as the Middle East conflict deepens. The U.S. bank’s branch in the Mall of the Emirates in central Dubai […]

Pic: 1st Ship Carrying Crude Oil From Saudi Arabia Docks At Mumbai Port

A Liberian-flagged ship became the first one carrying crude oil from Saudi Arabia to be docked at the Mumbai port on Wednesday since the Middle East conflict escalated over two weeks.

Wealthy nations release record oil reserves

PARIS (AP) — A group representing many of the world's wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of the Iran war on energy markets and the halt of cargo shipping through the Strait of Hormuz. The International Energy Agency said it will make 400 million barrels of oil available from its members’ emergency reserves, which is more than double the 182.7 million barrels that the IEA's 32 member countri

By The Korea Herald

Energy watchdog to release emergency oil reserves to cool surging prices; Harris says no excuse for energy firms to delay rate cuts now

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Home-heating oil price hikes 8 times more than euro zone

Increases in the price of home-heating oil in the aftermath of the Iran war were around eight times higher in Ireland than elsewhere in the European Union.

Airlines raise ticket prices as Middle East conflict drives up fuel costs

• Jet fuel rates go up to $150-200 from $85-90 per barrel • Iran war sparks fears of deep travel slump, widespread grounding of planes HONG KONG: Australia’s Qantas Airways, Scandinavia’s SAS and Air New Zealand announced airfare hikes on Tuesday, blaming an abrupt spike in the cost of fuel caused by the Middle East conflict. Jet fuel prices, which were around $85 to $90 per barrel before US-Israeli strikes on Iran, have soared to between $150 and $200 per barrel in recent days, New Zealand’s...

By none@none.com (Reuters)

Wall Street slips as escalation in Middle East war with Iran fuels energy, inflation concerns

US Defense Secretary Pete Hegseth and top US general Dan Caine suggested that strikes against Iran were intensifying.

Commentary: There is no return to normal on oil any time soon

Even if the Iran war ends quickly, governments will need to prioritise security of supply, says this writer for the Financial Times.

Korean Air extends Dubai flight suspension until March 28 over Middle East tensions - Yonhap News Agency

Korean Air extends Dubai flight suspension until March 28 over Middle East tensions  Yonhap News Agency

Oil prices continue to rise as tensions remain high in the Middle East

US to release 172 million barrels of oil from strategic petroleum reserve

The U.S. will release 172 million barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the U.S.-Israeli war on Iran, U.S. Energy Secretary Chris Wright said on Wednesday. Wright said the release is part of a broader release of 400 million […]

By Newsroom

Finnair, Tallink raise ticket prices citing fallout from Iran war

The price of Brent crude hit 100 US dollars a barrel on Thursday morning as the conflict in the Middle East continues.

OIL PRICE WATCH as of March 12, 2026

MANILA, Philippines — Fuel price increases are expected to hound motorists and the general public anew on Thursday, March 12, 2026 as the war in the Middle East rages on.  Recent oil price adjustments have been among the steepest in years. Diesel prices rose between P17.50 and P24.25 per liter, with oil companies staggering increases across

By ggaviola

WTI oil price jumps 8% as Middle East tensions rattle global markets - Gulf News

WTI oil price jumps 8% as Middle East tensions rattle global markets  Gulf News

Cathay Pacific says surcharge to rise as fuel prices jump during Mideast war

Hong Kong aviation giant Cathay Pacific said on Wednesday that fuel surcharges would rise as prices soared in March after war broke out in the Middle East. The price of fuel so far this month is double the average of the previous two months, CEO Ronald Lam announced at a news conference. Energy concerns arising […]

By AFP

Pressure on coastal shipping leads to fare hikes - eKathimerini.com

Pressure on coastal shipping leads to fare hikes  eKathimerini.com

IEA to unlock 400m barrels of oil

.

By AFP

Gulf markets poised for resilience despite conflict shocks - Khaleej Times

Gulf markets poised for resilience despite conflict shocks  Khaleej Times

Middle East mayhem set to crush SA wallets

As global tensions rise again, the real question is how much more can South African households absorb.

By North West University

Marcos assures stable oil supply as gov’t studies fuel tax relief

President Ferdinand Marcos Jr. on Wednesday, March 11, assured the public that the country’s oil supply remains stable despite escalating tensions in the Middle East.

By Kristine Daguno-Bersamina

Middle East Conflict Tightens LNG Supply, Redirects Cargoes To Asia

Middle East Conflict Tightens LNG Supply, Redirects Cargoes To Asia The shutdown of key gas export facilities in the Middle East is tightening global liquefied natural gas supplies, raising the risk of a deficit and pushing cargoes toward Asia as buyers compete for limited shipments, according to Bloomberg. Ras Laffan in Qatar — the world’s largest LNG export complex — has halted production, while shipping through the Strait of Hormuz has also been disrupted. Bloomberg calculati...

By Tyler Durden

Middle East conflict shows Nigeria can help diversify global oil supply — Tuggar

Mr Tuggar made the remarks in a recent interview with Reuters. The post Middle East conflict shows Nigeria can help diversify global oil supply — Tuggar appeared first on Premium Times Nigeria.

By Abdulkareem Mojeed

Flights set to cost more as regional carriers adjust for soaring fuel prices amid Middle East tensions

KUALA LUMPUR, March 12 — Air travellers in Malaysia may soon face slightly higher ticket costs as local airlines a...

How dependent are we on Middle East oil, gas? - The Daily Star

How dependent are we on Middle East oil, gas?  The Daily Star

IEA to carry out largest ever oil stock release amid Iran war

The International Energy Agency (IEA) said Wednesday it will release a record 400 million barrels of emergency oil reserves to stabilize global markets as the war involving Iran di...

Middle East conflict triggers global airfare surge as jet fuel prices double

Flying to Europe or Asia? Your next flight has just got significantly more expensive.

Record 400 million barrels: IEA releases emergency oil reserves

The International Energy Agency (IEA) decided to release 400 million barrels of crude oil from their emergency reserves to curb rising prices amid the Middle East conflict and the de facto closure of the Strait of Hormuz.

Economists tell Dutch not to provide €2b subsidy to Tata Steel

A group of 117 economists have warned the Dutch government not to provide billions of euros in subsidies to Tata...

By Robin Pascoe

Oil tops $100 as Iran attacks offset IEA stockpile release

Oil prices surge past $100 as Iranian attacks on energy infrastructure overshadow the IEA’s record release of strategic reserves, fueling global market fea Read More: https://punchng.com/oil-tops-100-as-iran-attacks-offset-iea-stockpile-release/

By Punch Newspapers

Iran targets fuel facilities, sending oil soaring again

Iran launched a new wave of attacks against Gulf energy targets on Thursday, hours after two oil tankers were hit, sending crude prices soaring again despite record reserve releases. The post Iran targets fuel facilities, sending oil soaring again appeared first on Vanguard News.

By Ayobami

KLM raise fares amid surging jet fuel prices; Suspends Middle East flights

KLM has announced that it will factor the steep increase in jet fuel costs into its ticket prices. A spokesperson did not specify how much fares would rise.

By 87279

Oil markets remain nervous, Brent above $90 again

The oil market remains highly volatile, with prices affected by the conflict in the Middle East and discussions about a possible release of strategic reserves The post Oil markets remain nervous, Brent above $90 again appeared first on ProtoThema English.

By admin

Airlines hike ticket prices as Iran war propels fuel costs - Kuwait Times

Airlines hike ticket prices as Iran war propels fuel costs  Kuwait Times