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Oil Prices Surge Amid Geopolitical Tension | Dublin News

Oil Prices Surge Amid Geopolitical Tension | Dublin News

Published 5 days, 1 hour ago
Description

Oil prices are surging amid geopolitical stalemate and energy disruptions, with Brent crude near $89 and WTI at $83—driven by stalled US-Iran talks, Iran sanctions, Ukraine-Russia conflict damage, and a looming global supply shortfall of 1.8 million barrels daily. The IEA warns demand is being crushed by high prices, while U.S. stockpiles surged 17.4 million barrels, mostly on the Gulf Coast, pushing gas and diesel to record highs just as travel season kicks in.

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