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Economy Politics Country 2026-03-09T01:10:07+00:00

Oil Prices Surpass $110 Amid Iran War

Oil prices rose above $110 per barrel on Sunday as major Middle Eastern producers cut output amid the continued closure of the Strait of Hormuz due to the Iran-US war.

Oil Prices Surpass $110 Amid Iran War

Oil prices rose above $110 per barrel on Sunday after major Middle Eastern producers cut their output. This occurred amid the continued closure of the vital Strait of Hormuz due to the war that erupted on Saturday, February 28, between Iran and the United States. The conflict was triggered by a US-Israeli attack on Tehran, followed by mutual strikes that affected the region as a whole.

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