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69 new news items in the last 24 hours
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  2. Economy

Oil prices have risen significantly after Iran's attacks on the United Arab Emirates, amplifying fears regarding oil supplies in the Middle East.

Lara Maior
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5 May 2026, 05:31
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Oil prices have recorded a strong increase after Iran launched attacks on targets in the United Arab Emirates, amplifying tensions in the Middle East. These attacks target the energy infrastructure in the Gulf, a crucial area for global oil supplies, considering that a large portion of the world's oil passes through the Strait of Hormuz. Investors react quickly to geopolitical risks, fearing possible disruptions in supplies and the blocking of maritime routes, which has led to sudden price increases in energy markets. Recent tensions have caused price increases of 5-8% in a single day, and in the event of an escalation of the conflict, the price of oil could exceed $150-200 per barrel. This situation underscores the direct impact of geopolitical risks on global energy markets, with possible effects on fuel prices in Europe.

Sources

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Cotidianul
Petrolul se scumpește puternic după atacuri în Golf
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Al Jazeera
Oil prices surge as violence flares in Strait of Hormuz

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NEWS ON THE SAME TOPICS

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Oil prices rose sharply by almost 5% after the American attacks on Iran, amplifying fears about energy supply.
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The price of oil rose on Tuesday, fueled by the intensification of conflicts in the Middle East and fears regarding global supply.
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Oil exceeds 90 dollars per barrel due to the conflict between the USA and Iran. Analysts predict further increases in price.
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Brent crude oil surpasses 80 dollars per barrel after escalating tensions between the USA and Iran
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The price of Brent crude returns above the $100-per-barrel threshold amid risks in the Persian Gulf
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Crude oil exports through the Strait of Hormuz have increased in recent weeks, but the intensification of Iranian attacks threatens shipments
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