{"id":10028,"date":"2026-03-19T16:43:00","date_gmt":"2026-03-19T12:43:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/oman-crude-surges-brent-115\/"},"modified":"2026-03-19T23:02:27","modified_gmt":"2026-03-19T19:02:27","slug":"oman-crude-surges-brent-115","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/oman-crude-surges-brent-115\/","title":{"rendered":"Oman Crude Price Surge Amid Gulf Energy Attacks: What It Means for Investors and Businesses"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 0%,rgba(220,38,38,0.35),transparent 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p>The official price of Oman crude for May delivery soared by $13.84 on Thursday, reaching $166.96, following Wednesday\u2019s settlement at $153.12. The monthly average price for Oman crude for March delivery currently stands at $62.17 per barrel, reflecting a modest increase of $0.08 from February.<\/p>\n<p>Brent crude surpassed $115 per barrel amid escalating tensions, after Tehran threatened to target regional installations in retaliation for an Israeli strike on a site linked to the vast South Pars gas field, which Iran shares with Qatar. Iranian missile attacks hit Qatar&#8217;s Ras Laffan\u2014the world\u2019s largest liquefied natural gas (LNG) hub\u2014causing extensive damage.<\/p>\n<p>Simultaneously, drone strikes targeted a Saudi oil refinery on the Red Sea and caused fires at two refineries in Kuwait. These developments have driven a sharp rise in global oil prices and pushed European gas prices up by as much as 35%, intensifying concerns about the impact of the nearly three-week-old Middle East conflict on energy supplies.<\/p>\n<p>The international benchmark Brent crude surged by six percent, after earlier climbing more than 10%, while the main US oil contract, West Texas Intermediate (WTI), edged up 0.3%.<\/p>\n<p>\u201cThe prospect of a longer, more protracted conflict is in sharp focus, as both sides intensify attacks on energy infrastructure,\u201d said Susannah Streeter, Chief Investment Strategist at Wealth Club. She added that \u201cdownbeat sentiment is spreading rapidly as investors assess the economic repercussions worldwide.\u201d<\/p>\n<p>Stock markets mirrored this caution: Frankfurt and London lost about two percent, Paris fell 1.7%, while Tokyo dropped more than three percent. Hong Kong and Shanghai also registered declines.<\/p>\n<p>Since the conflict began, Tehran\u2019s strikes across the Gulf have effectively closed the Strait of Hormuz, a critical passage for about one-fifth of global oil and gas shipments. The surge in energy costs has stoked fears of rising inflation and potential hikes in interest rates.<\/p>\n<p>Central banks are currently in a \u201cstate of limbo,\u201d awaiting clarity on whether the Middle East crisis will trigger a sustained inflationary shock, commented Dan Coatsworth, Head of Markets at AJ Bell.<\/p>\n<p>The Bank of England and the European Central Bank are expected to hold interest rates steady on Thursday, following the US Federal Reserve\u2019s recent decision to keep borrowing costs unchanged. Meanwhile, data released Wednesday showed US wholesale inflation rose more than anticipated in February, prior to the war and the spike in oil prices.<\/p>\n<p>Federal Reserve Chair Jerome Powell noted that higher energy costs are likely to push inflation upward in the near term but emphasized the uncertainty ahead. \u201cWe\u2019re right at the beginning of this&#8230; you just don\u2019t know how big this will be and how long it lasts,\u201d he stated.<\/p>\n<p>The Bank of Japan also maintained its rates on Thursday, warning of inflationary pressures from the crude price surge. This follows the Reserve Bank of Australia\u2019s decision to raise its key rate on Tuesday, citing \u201csharply higher fuel prices.\u201d  <\/p>\n<p>\u2014 AFP<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/omanet.om\/wp-content\/uploads\/2026\/03\/3326541.JPG\" alt=\"A futures-options trader works on the floor at the New York Stock Exchange&#039;s NYSE American (AMEX) in New York. \u2014 Reuters\" title=\"\"><\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>The sharp surge in Oman crude prices amid escalating Middle East tensions <strong>creates significant inflationary pressures and supply risks for businesses in Oman<\/strong>, demanding strategic cost management and supply chain resilience. <strong>Smart investors and entrepreneurs should consider opportunities in energy sector diversification and inflation-hedged assets<\/strong>, while closely monitoring geopolitical developments that could further disrupt markets and elevate operating costs.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oman crude surged to $166.96 for May delivery after a $13.84 rise. Brent crude topped $115 amid Middle East conflict fears. Iranian missile strikes caused damage in Qatar, while attacks hit Saudi and Kuwait refineries. Energy prices &#038; inflation worries spike globally.<\/p>\n","protected":false},"author":2,"featured_media":10029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[4192,4003,328],"class_list":["post-10028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-energy-markets","tag-middle-east-conflict","tag-oil-prices"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2026\/03\/3326540.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=10028"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10028\/revisions"}],"predecessor-version":[{"id":10030,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/10028\/revisions\/10030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/10029"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=10028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=10028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=10028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}