Loading...
Global Oil Market Turmoil: Crude Prices Approach $120 as Tanker Traffic Halts Amidst West Asia Conflict
LIVE TV
LOCAL
ENGLISH
For You
Entertainment
National
Sports
Markets
Business & Economy
Lifestyle
World
Astrology & Religion
Technology
Education & Jobs
Auto
Politics
Viral
Opinions
Loading more articles...
Home
Local
Live TV
Crude Oil Nears $120 as Iran War Halts Tankers, Sparks Global Economic Fears
C
CNBC Awaaz
•
09-03-2026, 08:48
Crude Oil Nears $120 as Iran War Halts Tankers, Sparks Global Economic Fears
•
Crude oil prices surge towards $120/barrel (Brent $117, WTI $106.22), highest in over three years, due to West Asia conflict.
•
Tanker movement through the critical Strait of Hormuz, handling 20% of global oil, has nearly halted amid Iranian threats.
•
Iraq, Kuwait, UAE cut production; Iran, Israel, US attacks on oil/gas facilities intensify supply concerns.
•
Global financial markets fear increased inflation and reduced spending if oil prices remain above $100/barrel.
•
US gasoline prices jump to $3.45/gallon; Energy Secretary Chris Wright anticipates a drop below $3 soon.
Read Full Article on Cnbc in Hindi
✦
More like this
✦
More like this
Oil Prices Soar Past $114 Amid Iran War Escalation, Threatening Global Supply
N
News18
Iran War Rattles Global Economy: Oil Surges, Markets Brace for Upheaval
M
Moneycontrol
Global Recession Threat Looms as Iran Conflict Escalates, Oil Prices Soar
C
CNBC Awaaz
West Asia Conflict Fuels India's Oil Crisis Fears; Hormuz Strait Key
M
Moneycontrol
US-Iran Conflict: Historic Oil Supply Disruption Looms Over Strait of Hormuz
C
CNBC Awaaz
Hormuz Mine Warfare: US Sinks 16 Iranian Vessels, Crude Oil Could Hit $150!
C
CNBC Awaaz
