Brent Climbs Above $78 Amid Gulf Tensions, Shipping Disruptions

• Monday, 2nd March 2026
• by Doaa Ashraf

Global oil prices climbed sharply as escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz heightened fears of supply shortages, pushing crude benchmarks to their highest ...

Brent rises above $111 as Iran warns Gulf exporters

• Monday, 16th January 2012
• by Egypt Oil & Gas

Brent crude rose above $111 on Monday on worries over supply disruptions after Iran warned Gulf Arab neighbours of consequences if they raised oil output to replace Iranian barrels facing international sanctions.