strait of hormuz oil disruption Archives

Oil supply Shock To Worsen In April As Hormuz Closure Hits Europe: IEA Chief

Last Updated:April 01, 2026, 8:12 PM IST IEA warns Hormuz closure has caused record oil disruptions, with April losses set to double March, jet fuel and diesel shortages spreading from Asia to Europe IEA warns Hormuz closure has caused record oil disruptions, with April losses set to double March, jet fuel and diesel shortages spreading…

Oil prices surge past 0 amid Gulf conflict. Will your pocket feel the pinch?

Oil prices surge past $110 amid Gulf conflict. Will your pocket feel the pinch?

DainikNews Live Admin3 weeks ago08 mins

Global oil prices have surged past $110 per barrel after the escalating Gulf conflict rattled energy markets and raised fears of supply disruptions through the Strait of Hormuz, one of the world’s most important oil transit routes. The sharp rally marks the biggest jump in crude oil prices since 2020, as traders reacted to the…