Global energy markets are experiencing significant volatility as West Texas Intermediate (WTI) crude oil prices surged on Thursday, April 9, 2026, climbing 3.66% to reach $97.87 per barrel. The price spike is driven primarily by mounting geopolitical uncertainty surrounding a potential ceasefire in Iran and the stability of critical shipping lanes in the Middle East. … Read more
Sofia, Bulgaria – Global oil prices surged on Thursday following a series of attacks by Iran targeting key energy infrastructure in Qatar and Saudi Arabia, escalating fears of a wider regional conflict and a potential global energy crisis. The attacks, which included strikes on Qatar’s Ras Laffan, the world’s largest LNG export hub, and refineries … Read more
Beirut, Lebanon – As the conflict between Israel and Iran enters its second week, the region is bracing for further escalation. Israeli Prime Minister Benjamin Netanyahu has vowed to continue military operations “with all our forces” until the “eradication of the regime” in Tehran, a declaration made as explosions rocked multiple locations across the Middle … Read more
Oil Prices Dip Slightly Amidst Renewed US-Iran Tensions New York – The price of West Texas Intermediate (WTI) crude oil experienced a modest decline on Friday, falling 0.06% to $66.39 per barrel, as investors closely monitored escalating tensions between the United States and Iran. The slight dip comes despite heightened rhetoric from both Washington and … Read more