energy markets Archives

Oil prices plunge more than 10% as Trump predicts swift end to Iran war

March 10, 2026 • 14:42 UTC WNS News Desk 8 min read Brent, crude oil, energy markets, G7, Iran war, oil prices, strategic petroleum reserve, Trump, WTI

Global oil prices have cratered more than 10 percent in one of the most dramatic reversals in energy market history, plunging from three-year highs above $119 per barrel to below $85 as diplomatic signals and potential intervention by major economies calmed supply fears.

Economy

Oil prices surge past $100 per barrel for first time since 2022 as Iran war disrupts global supply

March 9, 2026 • 15:54 UTC Akhtar Badana 10 min read $100 oil, Brent crude, energy markets, Federal Reserve, G7, inflation, Iran war, oil prices, recession, Strait of Hormuz, strategic petroleum reserves, WTI

Global oil prices have surpassed $100 per barrel for the first time since 2022 as the escalating Iran-Israel-US war disrupts shipping through the Strait of Hormuz, removing 20 million barrels from daily supply and forcing G7 ministers to consider emergency reserve releases.