{"id":1379037,"date":"2026-04-07T11:39:18","date_gmt":"2026-04-07T08:39:18","guid":{"rendered":"https:\/\/prm.ua\/world-oil-prices-rise-due-to-escalation-between-the-us-and-iran\/"},"modified":"2026-04-07T11:39:18","modified_gmt":"2026-04-07T08:39:18","slug":"world-oil-prices-rise-due-to-escalation-between-the-us-and-iran","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/world-oil-prices-rise-due-to-escalation-between-the-us-and-iran\/","title":{"rendered":"World oil prices rise due to escalation between the US and Iran"},"content":{"rendered":"

Global oil prices continued to rise amid escalating US rhetoric towards Iran and risks to supplies through the Strait of Hormuz.<\/strong><\/p>\n

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Reuters reports<\/a> this.<\/p>\n

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Brent crude futures rose 0.5% to $110.34 a barrel, while WTI crude rose 1.1% to $113.67 a barrel.<\/p>\n

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US President Donald Trump has threatened Iran with tough measures if Tehran does not open the Strait of Hormuz, one of the world’s key oil shipping routes. He has given a deadline of Tuesday evening US time.<\/p>\n

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Iran rejected the offer, which the US conveyed through Pakistan, and declared the need for a complete cessation of the war. Tehran also refused to comply with the demands to open the strait.<\/p>\n

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KCM Trade analyst Tim Waterer said that expectations are now influencing the market as much as fundamental factors. According to him, the prospect of a ceasefire could curb price growth, but the risks of supply disruptions are supporting the market.<\/p>\n

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Additional pressure is being created by disruptions in oil supplies from the Middle East, which has oil refineries in Asia and Europe actively looking for alternative sources.<\/p>\n

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At the same time, Saudi Aramco raised prices for Arab Light crude to Asian customers, setting a record premium of $19.50 per barrel over the Oman\/Dubai benchmark.<\/p>\n

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The situation was further complicated by a drone attack on a Caspian Pipeline Consortium facility on the Black Sea. According to Russia, loading infrastructure and storage tanks were damaged. The terminal handles about 1.5% of the world’s oil supplies.<\/p>\n

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It was previously reported that Russia is facing a reduction in oil production, as Ukrainian attacks on ports, pipelines, and refineries have significantly reduced the Kremlin’s export capabilities.<\/a><\/p>\n

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Recall that a Russian tanker with oil is heading to the shores of Cuba, and the US authorities are not preventing its passage.<\/a> US President Donald Trump said that he sees no problems with such supplies.<\/p>\n

Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , X<\/a> , Telegram<\/a> , and Instagram.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Global oil prices continued to rise amid escalating US rhetoric towards Iran and risks to supplies through the Strait of Hormuz. Reuters reports this. Brent crude futures rose 0.5% to $110.34 a barrel, while WTI crude rose 1.1% to $113.67 a barrel. US President Donald Trump has threatened Iran with tough measures if Tehran does […]<\/p>\n","protected":false},"author":66,"featured_media":1186813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76870,76871,76872,76892],"class_list":["post-1379037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","category-news-2","category-news-feed","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1379037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1379037"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1379037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1186813"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1379037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1379037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}