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G7 emergency oil reserves

Iran war pushes oil prices to post-COVID highs

March 9, 2026 by Attia Naveed

Global crude oil prices surged to their highest levels since the COVID-19 pandemic following the Iran conflict. The Strait of Hormuz closure and attacks on oil installations triggered a sharp 30 percent price jump in a single day. The increase affects international energy markets and global trade stability. During trading, Brent crude reached $119.50 per […]

Filed Under: Business, World Tagged With: Brent crude surge, G7 emergency oil reserves, global energy markets, Iran conflict oil prices, Latest, Strait of Hormuz closure, WTI oil rise

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