{"id":11866,"date":"2026-05-21T16:28:00","date_gmt":"2026-05-21T12:28:00","guid":{"rendered":"https:\/\/omanet.om\/news\/economy\/crude-oil-hormuz-iran-hop\/"},"modified":"2026-05-22T04:34:43","modified_gmt":"2026-05-22T00:34:43","slug":"crude-oil-hormuz-iran-hop","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/crude-oil-hormuz-iran-hop\/","title":{"rendered":"Crude Oil Prices Rise Amid Hormuz Disruptions: What This Means for Your Investments and Business in Oman"},"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>SINGAPORE \u2013 Oil prices rose by more than 1% on Thursday, recovering some losses as investors closely watched peace talks between the United States and Iran. Support also came from tight supply conditions and ongoing reductions in U.S. oil inventories.<\/p>\n<p>Brent crude futures increased by $1.27, or 1.21%, reaching $106.29 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) futures climbed $1.29, or 1.31%, to $99.55 a barrel.<\/p>\n<p>Both benchmarks had fallen over 5.6% on Wednesday to their lowest levels in over a week, following President Donald Trump\u2019s announcement that negotiations with Iran were in their final stages. However, Trump also warned of potential further attacks if Tehran did not agree to a peace deal.<\/p>\n<p>\u201cThe oil market remains highly sensitive to Iran-related developments, with traders placing significant hope on reports that U.S.-Iran talks are advancing,\u201d noted analysts from ING. They cautioned, \u201cWe have been through similar scenarios before, often leading to disappointment,\u201d and predicted Brent prices would average $104 per barrel during this quarter.<\/p>\n<p>Iran, meanwhile, warned against further attacks and announced measures to strengthen its control over the strategically vital Strait of Hormuz. The passage, which is mostly closed, had previously handled oil and liquefied natural gas shipments accounting for around 20% of global consumption.<\/p>\n<p>On Wednesday, Iran established a new \u201cPersian Gulf Strait Authority\u201d and declared a \u201ccontrolled maritime zone\u201d in the Strait of Hormuz. The strait was effectively closed by Iran in response to U.S. and Israeli strikes that sparked the conflict on February 28. Although most hostilities have ceased following a ceasefire in April, Iran continues to restrict maritime traffic, while the U.S. has imposed a blockade along Iran\u2019s coastline.<\/p>\n<p>Supply disruptions from this key Middle Eastern producing region have forced countries to rapidly draw from commercial and strategic reserves, raising concerns about depletion. The U.S. Energy Information Administration (EIA) reported on Wednesday that the U.S. withdrew nearly 10 million barrels of oil from its Strategic Petroleum Reserve last week, marking the largest single-week drawdown on record.<\/p>\n<p>Additionally, EIA data indicated a sharper-than-expected drop in U.S. crude oil inventories last week, underscoring the effect of supply shortages.<\/p>\n<p>\u201cThe ongoing inventory drawdowns will make it difficult for oil prices to stay low,\u201d said Mingyu Gao, chief researcher for energy and chemicals at China Futures. \u201cWith the Strait of Hormuz blocked, global refined product and onshore crude stocks are expected to fall to their lowest levels for this time of year in the past five years by late May and June.\u201d<\/p>\n<p>\u2014 Reuters<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes 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.15s}\r\n.hitl8gakbtn:hover{filter:brightness(1.15);transform:scale(1.04)}\r\n.hitl8gakbr{font-size:9px;color:rgba(255,255,255,.18);text-align:center;margin-top:5px;letter-spacing:.1em;text-transform:uppercase}\r\n\/* \u2500\u2500 Compact horizontal: 380\u2013599px (like 320\u00d7100) \u2500\u2500 *\/\r\n@container (min-width:380px) and (max-width:599px){\r\n  .hitl8gaka{padding:12px 22px;gap:12px;min-height:100px}\r\n  .hitl8gakh{font-size:16px}\r\n  .hitl8gaks{display:none}\r\n  .hitl8gakbtn{padding:7px 16px;font-size:11px}\r\n}\r\n\/* \u2500\u2500 Mobile\/card: < 380px (like 300\u00d7250) \u2500\u2500 *\/\r\n@container (max-width:379px){\r\n  .hitl8gaka{flex-direction:column;align-items:center;justify-content:space-between;min-height:260px;padding:22px 22px;gap:10px}\r\n  .hitl8gakc{align-items:center;text-align:center}\r\n  .hitl8gakh{font-size:22px;white-space:normal}\r\n  .hitl8gaks{font-size:11px;white-space:normal}\r\n  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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 ongoing tensions and supply disruptions around the Strait of Hormuz, compounded by rapid global oil inventory drawdowns, <strong>signal persistent volatility and upward pressure on oil prices<\/strong>. For businesses in Oman, this creates both a risk of increased operational costs and an opportunity to capitalize on higher oil revenues. <strong>Smart investors and entrepreneurs should consider positioning themselves in sectors linked to energy logistics, strategic storage, and alternative energy solutions to hedge against instability while leveraging Oman\u2019s strategic location.<\/strong><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices gained over 1% as peace talks between the US and Iran continue, with supply tightness and US inventory drawdowns supporting the market. Brent rose to $106.29, WTI to $99.55. Iran&#8217;s control of the Strait of Hormuz and US drawdowns add pressure on supplies.<\/p>\n","protected":false},"author":2,"featured_media":11867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[482],"tags":[4730,328,3692],"class_list":["post-11866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-iran-us-talks","tag-oil-prices","tag-strait-of-hormuz"],"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/11866","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=11866"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/11866\/revisions"}],"predecessor-version":[{"id":11868,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/11866\/revisions\/11868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/11867"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=11866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=11866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=11866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}