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News Wire / politics

Oil Prices Exceed $120 Amid Trump Blockade Concerns

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Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that the enemy has entered a new stage following the expiration of US President Trump's three-day deadline regarding Iran. Reports indicate OPEC+ may meet this Sunday to discuss a potential production increase of approximately 188,000 barrels per day. This proposed increase is considered limited compared to the market demand of over 15 million barrels per day. The Russian Deputy Prime Minister has also commented on the ongoing market situation. Brent crude rose from $72 per barrel before the war to $126 per barrel in today's trading, representing an increase of over 70%. US West Texas Intermediate (WTI) rose from approximately $67 per barrel before the war to $110 per barrel in today's trading. Natural gas prices in Europe hit 70 euros per megawatt on March 9.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that the enemy has entered a new stage following the expiration of US President Trump's three-day deadline regarding Iran. Reports indicate OPEC+ may meet this Sunday to discuss a potential production increase of approximately 188,000 barrels per day. This proposed increase is considered limited compared to the market demand of over 15 million barrels per day. The Russian Deputy Prime Minister has also commented on the ongoing market situation. Brent crude rose from $72 per barrel before the war to $126 per barrel in today's trading, representing an increase of over 70%. US West Texas Intermediate (WTI) rose from approximately $67 per barrel before the war to $110 per barrel in today's trading. Natural gas prices in Europe hit 70 euros per megawatt on March 9. Prices for seed oils, specifically sunflower oil, have increased by approximately 5 to 10 percent. The rising costs are attributed to war-related disruptions. Analysts suggest that small-scale operators may exit the industry due to inability to survive these price hikes. Crude oil prices rose above $120 per barrel on Wednesday. High costs of military operations against Iran are impacting the American economy.

Topics

Iran US-Iran relations Trump

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Sources · 7 independent

CNN Turk Radyo

“Amerikan başkanı Trump'ın İran'a yönelik verdiği üç günlük süreysa doldu. Kalibaf bununla ilgili de Trump'a meydan okudu.”

CNN Turk Radyo

“Amerikan başkanı Trump'ın İran'a yönelik verdiği üç günlük süre doldu. Kalibaf bununla ilgili de Trump'a meydan okudu.”

CNN Turk Radyo

“Düşmanın yeni bir aşamaya girdiğini söyledi. Deniz Ablukası medya üzerinden algı oluşturma... ekonomik bas”

RFI Kiswahili

“Mianne Ishirini. Reis Donald Trumpa Mese City, Zamaarekani, tendele ya kuzuia meiliza Iran ku pitiya katikam lango baharu ahumuz na kuzuia piya kundele ya kwa shuliza, kwa ida katika Bandarizaki.”

CNN Turk Radyo

“Trump'un İran'a yönelik saat ayarla tehdidinde ise süre doldu. Trump ürümüz boğazındaki abluk hanediniyle İran'ın petrol depoluyacak yeri kalmayacağını ve boru hatlarının üç gün içinde patlayacağını öne sürmüştü.”

CNN Turk Radyo

“ABD Başkanı Donald Trump'ın İran'a yönelik saat ayarla tehdidinde ise süre doldu. Trump ürümüz boğazındaki abluk hanediniyle İran'ın petrol depoluyacak yeri kalmayacağını ve boru hatlarının üç gün içinde patlayacağını öne sürmüştü.”

CNN Turk Radyo

“Kalibaf ülkenin dini lideri Müjdeba Hamar Eğmerkez'de bir birlik çağrısı yaptı. Tahran'a göre Trump'ın sertlik yanlıları ve ılımlılar ayrımı bir komplo ve tek çözüm toplumsal bütünlük.”

BR24

“Der oberste Führer des Iran hat jetzt deutlich gemacht, dass er nicht bereit sei, das umstrittene Atom- und Raketenprogramm seines Landes zu beenden.”

BR24

“Der oberste Führer des Iran-Raminés hat jetzt deutlich gemacht, dass er nicht bereit sei, das umstrittene Atom- und Raketenprogramm seines Landes zu beenden.”

BR24

“Nach US-Medienberichten und Angaben eines ranghohen Regierungsmitarbeiter hat Präsident Donald Trump... angedeutet. Er wolle Iran so dazu bewegen, sein Atomprogramm aufzugeben.”

NTV Radyo

“Hamene'den yeni açıklama geldi. Mesajda Basra Körfezi ve Hürmüz Boğazı'nın geleceğinde ABD'nin olmayacağı ifadeleri yer aldı.”

BBC Arabic

“the Iranian Supreme Leader Mojtaba Khomeini in a written message... added that the new administrations in the Strait of Hormuz will bring calm and provide economic benefits to all Gulf countries.”

NTV Radyo

“Hamene'yi Amerika'nın kendi üstlerinin güvenliğini bile sağlayamadığını vurguladım. Bölgedeki müttefiklerinin güvenliğini de sağlayamayacağını iddia etti.”

NTV Radyo

“Hürmene'den yeni açıklama geldi. Mesajda Basra Körfezi ve Hürmüz Boğazı'nın geleceğinde ABD'nin olmayacağı ifadeleri yer aldı.”

France Info

“Mojtaba Raménei a laissé un nouveau message écrit, un message qui affirme que les États-Unis ont subi une défaite honteuse.”

DLF Nova

“Jetzt soll aber angeblich verärgert sein... gesagt hat. Iran, ja natürlich. Trump kritisiert ja auch die NATO schon lange. Da ging es eben auch darum, weil er gesagt hat, auf die ist gar kein Verlass, hier ist eine Straße vor dem Hormuz, wo seid ihr denn mit euch brauchen?”

BBC Arabic

“The Supreme Leader of Iran indicated that Tehran has a common destiny with its neighbors in the Gulf and that those he described as foreigners committing violations have no place except in the depths of the sea.”

BBC Arabic

“The Supreme Leader of Iran indicated that Tehran has a common destiny with its neighbors in the Gulf and that those he described as foreigners committing violations have no place.”

Al Jazeera Arabic Voice

“دعا الأطراف المتحربة إلى عدم القيام بأي عمل قد يهدد ويقوض وقف إطلاق النار وأن يتم فتح مضيق هرمز فوراً وأن حرية الملاحة البحرية هي أمر ليس قابل للتفاوض”

Al Jazeera Arabic

“كلمته إلى محاولات اجلاء البحارة العاليقون في مضيق هرمز”

Al Jazeera Arabic

“حرية الملاحة البحرية هي أمر ليس قابل لي التفاوض بأنها يعني أن يجب على الجميع للتزام بها وإعادة طبعاً فتح المضيق بشكل آمن و دائم”

NTV Radyo

“Ulusal Güvenlik Yüksek Konseyn'in merkezde yer aldığı yapıda toplanıyor. Lortis'e konuşan İran uzmanı araç azizi, önemli anlaşmalar onun onayından geçiyor.”

Al Jazeera Arabic

“freedom of maritime navigation is a matter that is not negotiable, meaning that everyone must adhere to it and, of course, reopen the strait safely and permanently”

BBC Arabic

“المرشد يقول إنه نحن أمام فصل جديد في الخليج وفي مديق هربز”

Al Jazeera Arabic

“the current critical timing is amid anxiety about the possible renewal of military actions and the lack of a solution regarding the opening of the Strait of Hormuz”

WAMU 88.5 DC

“the straight of form is closed. the oil Job losses will increase, we will have an economic recession, and that's ultimately bad for oil prices.”

Al Jazeera Arabic

“Everyone wants to reach a diplomatic solution even with the difference of views, so the word perhaps comes at this critical time”

Al Jazeera Arabic

“Everyone wants to reach a diplomatic solution even with different points of view... in light of anxiety about perhaps the renewal of some military actions.”

WAMU 88.5 DC

“The strait of Hormuz is closed. The oil job losses will increase, we will have an economic recession, and that's ultimately bad for oil prices.”

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