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Middle East, oil

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Overview
Impacts
 · 21h · on MSN
World faces largest-ever oil supply disruption on Middle East war, IEA says
Global supply to drop by 8 million bpd in March due to Strait of Hormuz blockade

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 · 1d · on MSN
Middle East War Is Causing Largest Oil Supply Disruption in History, IEA Says
 · 19h
Oil price tops $100 again as Iran strikes economic targets across Middle East
 · 1d
Ship attacks in Gulf intensify as Israel launches new strikes in Lebanon
General David Petraeus, the former CIA Director and Commander of US Central Command, has been asked about the US's possible role in an attack on a school in southern Iran that Iranian authorities say ...

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 · 14h
Iran War Will Lower Energy Prices
 · 17h
Oil settles up 9% as Iran vows to keep Strait of Hormuz closed
 · 15h
Oil price soars past $100 as Iranian attacks impact shipping
Oil prices surged as the IEA called the war in Iran "the largest supply disruption in the history of the global oil market."

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 · 17h
Middle East war creating ‘largest supply disruption in the history of oil markets’
 · 2d
Cargo ship catches fire in Strait of Hormuz after three vessels hit by 'unknown projectiles'

IEA to release record amount of emergency oil reserves

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 · 1d
IEA orders largest ever release of emergency oil
Member countries of the International Energy Agency unanimously agreed Wednesday to release 400 million barrels of oil into the global market – the largest release of emergency oil stocks in history – in a drastic move aimed at shoring up crude supplies and capping a surge in prices caused by the conflict in the Middle East.

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 · 1d
IEA Agrees To Record Release Of Emergency Oil Reserves In An Effort To Calm Surging Prices
 · 1d
India ready to support oil markets as IEA agrees record release
10h

Saudi forces down drones after Iran vows to target oil resources

Saudi forces intercepted more than two dozen drones Friday after Iran vowed to attack oil resources in the Middle East and said it would maintain a chokehold on the Strait
1don MSN

Plans for record emergency oil release signal Middle East war could drag on for months

The degree to which the IEA acted is being interpreted that the conflict could continue for many weeks, said analysts.
1don MSN

Sea drones target oil tankers in the Middle East as conflict risks widen

By Cassell Bryan-Low LONDON, March 11 (Reuters) - Naval drones have been used in at least two attacks on oil tankers in the Gulf region since war erupted between the U.S., Israel and Iran, according to maritime authorities and analysts,
15h

Middle East war live: Oil pushes above $100 as Strait of Hormuz crisis intensifies

The yields on the 10-year gilt climbed 0.09 percentage points to 4.77 per cent while the yield on 10-year Bunds rose 0.01 percentage points to 2.94 per cent, a two-and-a-half-year high. Yields move inversely to prices.
10don MSN

Oil supertanker rates hit all-time high as insurers drop war risk protection in the Middle East

The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.
3h

A top-2% fund manager shares where he'll be looking for opportunities as Middle East turmoil threatens tech

Rising oil prices — and their potential impact on inflation — are front and center for markets, but the Iran war could soon hit tech.
1d

Bangladesh seeks US waiver to buy Russian oil amid Middle East crisis

Bangladesh has requested permission from the United States to purchase oil from Russia in an attempt to address an energy supply crunch triggered by the Middle East crisis, a senior minister said on
2d

There’s a commodity even more vital than oil and gas in the Middle East — and it’s at risk as war heats up

The petrostates of the Gulf are famed for their vast oil and gas resources, but their populations and prosperity have also been built on another commodity: water.
1d

Middle East oil turmoil fuels gas spikes, clouds WA budget outlook

For lawmakers, the price spikes underscore the fragile backdrop of this year’s budget negotiations, which are unfolding amid debates over affordability and proposed tax changes.
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1h

US grants 30-day waiver to buy Russian oil amid Middle East conflict

Washington: The United States has announced a 30-day waiver allowing countries to purchase approved Russian crude oil and petroleum products that are currently stuck at sea, amid the escalating conflict in the Middle East.
19h

Energy secretary: ‘You will see a surge of investment’ in Middle East after Iran regime ‘defanged’

Energy Secretary Chris Wright on Wednesday said there will be a “surge of investment” in the Middle East after the Iranian regime is “defanged.” Wright has been a frequent face on television this
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