Oil prices rose for a third day in a row in international markets as tensions between the United States, Israel and Iran pose a risk to oil supplies, Qatar-based media outlet Al Jazeera reported on Tuesday (March 3).
\nOn Monday, Brent crude oil prices rose to $82.37, the highest since January last year. However, it later fell slightly to settle in the $79 range. US West Texas Intermediate (WTI) crude oil prices also reached $72.40 a barrel, up 6.3 percent from the previous session.
\nMarket analyst Tony Sycamore said, “There is no hope of easing tensions yet. The Strait of Hormuz is virtually closed and if Iran continues to target infrastructure in the region, oil prices could rise further.” Analysts say that the longer the political unrest in the Middle East lasts, the more oil prices are likely to rise in the international market.<\/p>\n","protected":false},"excerpt":{"rendered":"
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Brent crude oil prices rose sharply on Wednesday (April 29) after US President Donald Trump warned that the naval blockade could last for months. BBC\u2026","rel":"","context":"In "International"","block_context":{"text":"International","link":"https:\/\/biztrend24.com\/?cat=115&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-30-8.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-30-8.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-30-8.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-30-8.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-30-8.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":59682,"url":"https:\/\/biztrend24.com\/?p=59682&lang=en","url_meta":{"origin":59237,"position":1},"title":"Crude oil prices rise in global markets due to tensions in the Middle East","author":"Biz Trend 24","date":"March 7, 2026","format":false,"excerpt":"The ongoing war between Iran and Israel in the Middle East has thrown the global economy into extreme uncertainty. Fuel prices in particular have been affected by fears of supply disruptions. On Friday (March 6), the price of crude oil in the global market exceeded $92 per barrel in just\u2026","rel":"","context":"In "International"","block_context":{"text":"International","link":"https:\/\/biztrend24.com\/?cat=115&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled_design_-_2026-03-07T121835.621_1200x630-1.jpg?fit=1200%2C630&ssl=1%3Fv%3D1772864442&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled_design_-_2026-03-07T121835.621_1200x630-1.jpg?fit=1200%2C630&ssl=1%3Fv%3D1772864442&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled_design_-_2026-03-07T121835.621_1200x630-1.jpg?fit=1200%2C630&ssl=1%3Fv%3D1772864442&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled_design_-_2026-03-07T121835.621_1200x630-1.jpg?fit=1200%2C630&ssl=1%3Fv%3D1772864442&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled_design_-_2026-03-07T121835.621_1200x630-1.jpg?fit=1200%2C630&ssl=1%3Fv%3D1772864442&resize=1050%2C600 3x"},"classes":[]},{"id":71099,"url":"https:\/\/biztrend24.com\/?p=71099&lang=en","url_meta":{"origin":59237,"position":2},"title":"Oil prices rise again after US military strikes on Iran","author":"Biz Trend 24","date":"July 9, 2026","format":false,"excerpt":"Crude oil prices have risen again in the global market after the new US military strike on Iran. 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Brent crude oil prices rose 78 cents, or 1 percent, to $78.80 per barrel on\u2026","rel":"","context":"In "International"","block_context":{"text":"International","link":"https:\/\/biztrend24.com\/?cat=115&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T114055.675-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T114055.675-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T114055.675-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T114055.675-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T114055.675-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":63801,"url":"https:\/\/biztrend24.com\/?p=63801&lang=en","url_meta":{"origin":59237,"position":3},"title":"Oil prices plunge after Iran opens Strait of Hormuz","author":"Biz Trend 24","date":"April 18, 2026","format":false,"excerpt":"Crude oil prices in the international market have fallen sharply since the announcement of opening the Strait of Hormuz to commercial shipping. 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