Mbabane: Oil prices rose in early trading on Monday, by more than 1 percent, amid developments in the Middle East conflict. Brent crude futures climbed $1.36, or 1.24 percent, to $110.62 a barrel, while US West Texas Intermediate crude futures reached $107.26 a barrel, up $1.84, or 1.75 percent. According to Qatar News Agency, the increase in oil prices is linked to ongoing tensions in the Middle East, which have raised concerns about potential disruptions in oil supply. The market response indicates heightened sensitivity to geopolitical events in the region, which is a critical area for global oil production and exportation.
Oil Prices Rise by Over 1% Amid Middle East Conflict
Recent Post
Al-Mujadilah and GU-Q Host Forum on Women in Diplomacy
November 2, 2026
Shura Council Addresses Energy Security and Maritime Safety Concerns
November 2, 2026
59th AACO General Assembly Commences in Doha Under Qatari Patronage
November 2, 2026
Saudi and French Defense Ministers Discuss Military Cooperation
November 2, 2026
Arab League Condemns Drone Attacks on Sudanese Energy Facilities
November 2, 2026