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Rajoni dhe Bota2026-03-19 08:26:00

Oil over $110, Middle East is leading the world towards energy crisis

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Oil over $110, Middle East is leading the world towards energy crisis

The escalation of the conflict in the Middle East is being directly reflected in international energy markets, where oil prices have risen significantly in recent days. Fears of global supply disruptions are adding pressure on stock markets and energy chains.

In Asian markets, Brent crude oil has climbed to around $111 per barrel, up 3.4%, while US WTI crude has crossed the $99 per barrel mark. This trend comes after a period of continuous growth, closely linked to geopolitical developments in the region.

At the center of these developments are reported attacks by Iran on energy facilities in Qatar, a key hub for global liquefied natural gas exports. These actions follow tensions with Israel and strikes on the South Pars gas field, significantly increasing uncertainty in international markets.

Meanwhile, the impact of the conflict has also been felt on key shipping routes. The Strait of Hormuz, through which about 20% of global oil supplies pass, is facing restrictions on maritime traffic, while several producing countries in the region have reduced production. As a result, oil prices have risen by about 50% since the crisis began.

In this context, the United States has taken measures to mitigate the effects on the domestic market, temporarily suspending the Jones Act for 60 days, which allows the transport of energy by foreign-flagged ships between American ports.

President Donald Trump has stated that he was aware of an Israeli attack and has called for avoiding further strikes on energy infrastructure, signaling concern about further escalation of the situation.

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