Gate News reports that on March 18, Iran announced that some of its energy facilities had been attacked, causing international oil prices to rise. Brent crude oil (the international benchmark price) traded close to $105 per barrel, up more than 3% on Tuesday. Iran’s state television said that part of the South Pars gas field and the oil industry facilities in Asaluyeh were targeted. Currently, the oil market focus is on the Strait of Hormuz, which has effectively been closed. Robert Rennie, Head of Commodity Research at Westpac Banking Corporation, stated that due to ongoing Middle East conflicts, increased shutdowns, and the technical closure of the Strait of Hormuz, Brent crude will stay within the $95 to $110 per barrel range; if large refineries are attacked or more mines are confirmed in the strait, this range could shift upward by another $10 to $20.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Seven Israeli Officers Charged in Multimillion-Dollar Crypto Theft Ring
Israeli Security Forces Charged in Crypto Theft Case
Israeli authorities have charged seven military and police officers with running a multimillion-dollar theft and bribery ring involving cryptocurrency, marking the second crypto-related criminal case to hit the country's defence establishment in
CryptoFrontier1h ago
Trump First Explicitly Said “Regime Change” for Iran: The White House Officially Forwarded Three Signals
Trump first directly mentioned Iran’s “regime change” in a public statement, and explicitly said that the U.S. side would not be influenced by Israel. He used Venezuela as an analogy, implying that the U.S. may adopt a long-term pressure strategy against Iran. This will change the negotiation framework and increase the risk of oil-price and market volatility. Taiwan investors need to pay attention to the oil price trend, the reaction at the Fed hearing, and the agenda of the U.S.-China summit.
ChainNewsAbmedia5h ago
Russian Crypto Exchange Grinex Halts Operations After $13M Hack, Threatening Sanctions Evasion Network
Russian cryptocurrency exchange Grinex ceased operations after a cyberattack caused losses over $13 million. The shutdown impacts Russian businesses' ability to convert rubles internationally and challenges the country's shadow finance system.
GateNews6h ago
Iran Has Not Yet Decided Whether to Attend Second Round of U.S. Talks, Citing Deep Mistrust
An Iranian official indicated that Iran has not decided on participating in the second round of U.S.-Iran talks due to mistrust stemming from U.S. actions and statements, exacerbated by a recent U.S. attack on an Iranian vessel.
GateNews8h ago
EU Council President Costa: Reopening Strait of Hormuz Unconditionally is Top Priority
European Council President António Costa discussed the EU's dedication to Middle East peace with King Abdullah II of Jordan, highlighting collaboration with regional partners and the reopening of the Strait of Hormuz as a priority, while monitoring Lebanon, Gaza, and the West Bank.
GateNews9h ago
U.S. Launches Tariff Refund Program; Over 56,000 Enterprises Register
The U.S. government initiated a tariff refund program effective April 20, impacting over 53 million import declarations. This marks a significant policy shift, allowing importers to reclaim previously collected taxes, with over 56,000 businesses participating.
GateNews9h ago
