Oil Prices Surge Amid Middle East Tensions, Brent Crude at Three-and-a-Half-Year High
Brent crude prices have surged to a three-and-a-half-year high amid escalating Middle East tensions and Iran's widening strikes on energy targets. Motorists in the Philippines are also experiencing significant oil price increases due to global market pressures and supply concerns linked to the ongoing conflict.
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Oil and gas prices resume rise after Iran attacks production facilities
Brent crude price climbs as operations suspended at Shah gasfield in UAE after Iranian strike Business live – latest updates Middle East crisis – live updates Oil and gas prices have risen again after Iran carried out attacks on production facilities for the first time since the start of the war with the US and Israel. Brent crude, the international benchmark oil price, climbed 3% to $103.2 (£77.52) a barrel on Tuesday and was up nearly 50% from levels before the war began on 28 February. ...
By Julia Kollewe
Read full article →Asia-Pacific markets set to rise as Middle East tensions escalate after UAE energy attacks
Asia-Pacific markets were set to climb on Wednesday as investors tracked escalating tensions in the Middle East.
Read full article →Brent crude rises to three-and-a-half-year high as Iran widens strikes on energy targets
Read full article →OIL PRICE WATCH as of March 18, 2026
MANILA, Philippines — Motorists were hit with a big-time increase in oil prices this week, with no immediate relief in sight as global oil markets remain under pressure driven by supply concerns linked to ongoing tensions in the Middle East. Market watchers said the current trend suggests that prices could remain elevated, especially if supply
By Dona Policar
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