Global Tensions Surge: Oil Prices Hit New Highs Amid Middle East Turmoil

Reliance Industries, ONGC shares in focus as oil jumps 8% near $100. Will prices hit $200?

Oil prices surged over 7%, pushing Brent close to $100 per barrel amid escalating Middle East tensions and supply disruption concerns. The rally is expected to keep upstream oil stocks such as Reliance Industries, ONGC and Oil India in focus, while geopolitical risks raise fears that crude prices could spike further.

WTI oil price jumps 8% as Middle East tensions rattle global markets

Global oil prices spike as Middle East tensions disrupt supply, with WTI crude jumping 8% to $94.23.

Global Tensions Surge: Oil Prices Hit New Highs Amid Middle East Turmoil

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Domestic oil firms likely to absorb crude up to $90 despite Middle East tensions: Report

New Delhi, March 12, 2026 Indian oil marketing companies (OMCs) should be able to absorb average crude prices of up to around $90 per barrel over the medium term, supported in part by stronger refining margins, even as escalating tensions in West Asia raise concerns over global energy supply routes, a report said on Thursday. According to an analysis by CareEdge Ratings, the geopolitical situation notes that hostilities around the Strait of Horm…

UK shares poised to slip as $100 oil weighs on sentiment

London stocks were expected to open slightly lower on Thursday as oil prices climbed back above $100 a barrel and tensions in the Middle East continued to dominate market sentiment.Read More...

Oil Prices Climb Above $100 as Middle East Conflict Rattles Global Energy Markets - LNW Lanka News Web

March 12, World (LNW): Global oil markets experienced another sharp surge overnight, with prices once again climbing above the $100-per-barrel threshold as the ongoing hostilities involving the United States, Israel and Iran continue to unsettle international energy supplies.The rally comes only days after crude prices reached their highest levels in roughly four years, reflecting mounting concerns that the conflict could disrupt key shipping ro…