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Mar 12, 2026
Oil unlikely to hit $200 a barrel, US energy chief says
U.S. Energy Secretary Chris Wright says oil prices are unlikely to reach $200 a barrel despite disruptions in the Strait of Hormuz caused by the Iran conflict.
Mar 12, 2026
World faces largest-ever oil supply disruption on Middle East war, IEA says
The IEA reports the biggest oil supply disruption in history due to the Middle East war, with global supply dropping 8 million barrels per day in March 2024.
Mar 11, 2026
Oil prices up 5% as supply fears mount despite record stocks release plan
Oil prices surged nearly 5% due to attacks in the Strait of Hormuz and concerns over supply despite the IEA's plan for a record 400 million barrel reserve release.
