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Huge turmoil has started once again in the Global Energy Market. After the new attacks by America on Iran, the prices of crude oil in the international market have increased for the fourth consecutive day. In the last three trading sessions Huge rise of 12% Brent crude now after entering $85 per barrel Has crossed the psychological level of. At the same time, the American benchmark West Texas Intermediate (WTI) also $80 per barrel Has reached the level of.
Due to increasing military conflict in this sensitive area of the Middle East, the fear of major disruption in the supply chain of crude oil across the world has deepened, which has created panic in the global markets.
A look at the latest figures (Crude Oil Latest Rates)
Crude oil prices are trading at one-month high in the international commodity market:
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Brent Crude Futures: With a new gain of 33 cents (or 0.4%) $85.28 per barrel Has reached.
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WTI Crude Futures: up 42 cents (or 0.5%) $80.02 per barrel But is trading.
Why did crude oil prices soar? (Main reasons for the surge)
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Military confrontation between America and Iran: The US on Wednesday launched new air strikes on OPEC member country Iran and captured an empty oil tanker heading towards Iran’s port. Since then the clouds of war have deepened.
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Threat to strategic ports and oil terminals: US President Donald Trump has clearly warned that unless Tehran stops attacks on ships passing through the Strait of Hormuz, US military action will continue. According to ‘The Wall Street Journal’, the US military is targeting Iran’s main oil export hub. ‘Kharg Island’ Is also considering a plan to target.
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Iran’s counterattack and threat to close the strait: Iran’s ‘Islamic Revolutionary Guard Corps’ has also refused to retreat. He has announced that until America stops its attacks and lifts restrictions on Iranian ports, the movement of ships through the Strait of Hormuz will be completely blocked.
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Impact on ‘shuttle run’ trade: Due to the attacks, the business of transferring crude from one ship to another in the middle of the sea (Shuttle Run) has been badly affected, which remained a lifeline for countries like United Arab Emirates (UAE) during the war.
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Russia-Ukraine crisis: Ukraine’s continued drone attacks on Russian fuel facilities and refineries have also maintained supply concerns in the global energy market.
Experts warn: Will the price go above $110?
In view of the geopolitical tension, the world’s major global brokerages and financial institutions have issued big estimates regarding crude oil:
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Goldman Sachs estimates: The leading global firm believes that if this interruption in oil exports from Gulf countries continues for a long time, then the Brent crude prices may cross $110 per barrel by Q4 2026. However, the bank also said that if tensions ease, prices could fall to around $60 by the end of the year.
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Choice Broking warnings: Commodity and currency analyst Aamir Makda says that this tension has become not just a speculation but a serious potential situation. Prices currently have a ‘psychological risk premium’ attached to them. If navigation through the Strait of Hormuz is disrupted, Brent crude could easily $100 per barrel will pass across, causing worldwide Stagflation – Inflation accompanied by recession A serious danger may arise.