{"id":9517,"date":"2026-03-02T17:16:00","date_gmt":"2026-03-02T13:16:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/business\/oman-crude-jumps-13-7-amid-crisis\/"},"modified":"2026-03-03T03:17:30","modified_gmt":"2026-03-02T23:17:30","slug":"oman-crude-jumps-13-7-amid-crisis","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/business\/oman-crude-jumps-13-7-amid-crisis\/","title":{"rendered":"Oman Crude Prices Surge 13.7% to $80.40\/b: Implications for Investors Amid Mideast Crisis"},"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 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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><strong>MUSCAT:<\/strong> On Monday, March 2, 2026, the price of Oman crude surged by <strong>13.7%<\/strong>, reaching <strong>$80.40 per barrel<\/strong>. This increase is attributed to the escalating crisis in the Middle East, ignited by coordinated strikes from the US and Israel on Iran, along with retaliatory attacks by Tehran across the region.<\/p>\n<p>This <strong>$9.69<\/strong> rise represents the largest short-term percentage increase in over a year, mirroring trends observed in early 2025. The last time Oman crude prices surpassed <strong>$80<\/strong> per barrel was in January 2025, when they peaked at approximately <strong>$82.22<\/strong> due to global supply concerns stemming from sanctions on Russian oil.<\/p>\n<p>As reported by ONA, the official price of Oman crude for May 2026 delivery settled at <strong>$80.40 per barrel<\/strong>, while the March average stood at <strong>$62.17<\/strong>, indicating an <strong>8-cent<\/strong> month-on-month gain.<\/p>\n<p>Ali al Riyami, a leading independent energy analyst from Oman, attributed the price spike to the volatility in the market. &#8220;The sharp rise is significant, reflecting heightened geopolitical risk premiums,&#8221; he stated. &#8220;While sudden fluctuations are not uncommon during regional crises, the scale of this increase highlights the market&#8217;s acute sensitivity to conflict-driven uncertainty.&#8221;<\/p>\n<p>A report by Reuters, referencing analyses from Goldman Sachs, indicated that oil markets are incorporating an <strong>$18-per-barrel<\/strong> risk premium, approximately a quarter of current prices. This premium arises from concerns over possible prolonged disruptions in the Strait of Hormuz. With Brent crude futures trading at <strong>$77.57<\/strong> and WTI at <strong>$71.21<\/strong>, this implied premium would account for <strong>23-25%<\/strong> of prices if crude were to exceed <strong>$90<\/strong> per barrel.<\/p>\n<p>In comments to the Observer, al Riyami suggested that oil prices are likely to remain elevated in the near term. &#8220;Prices are expected to stay under upward pressure, with volatility influenced by regional tensions. Unless stability is restored quickly, the risk bias points toward further gains,&#8221; he warned.<\/p>\n<p>Fortunately, the strategic positioning of Oman&#8217;s export terminals, which are located away from the conflict zone, is likely to ensure uninterrupted crude flows to export markets. &#8220;This geographic advantage, combined with robust infrastructure, means that Omani exports are expected to continue without disruption. While the recent attacks were significant, they did not target export facilities, so the outlook for supply continuity remains positive,&#8221; he added.<\/p>\n<p>Maritime authorities have reported at least two attacks on vessels off the coast of Oman since hostilities began last Thursday. The first incident involved the Palau-flagged tanker <strong>Skylight<\/strong>, which was attacked about five nautical miles north of Khasab, injuring four crew members and necessitating the evacuation of all 20 individuals on board.<\/p>\n<p>On March 1, 2026, the crude oil tanker <strong>MKD Vyom<\/strong>, flying the Marshall Islands flag, was also struck by an unidentified projectile off Oman\u2019s coast. This incident was confirmed by UK Maritime Trade Operations. Although a fire erupted onboard, the crew was safely evacuated without harm, and the fire has now been brought under control.<\/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 hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 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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><strong>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/strong><\/p>\n<p>The <strong>surge in Oman crude prices to $80.40 per barrel<\/strong> presents significant opportunities for local businesses poised to capitalize on increased profits from oil exports. However, the <strong>geopolitical instability in the region introduces heightened risks<\/strong>, particularly for investors reliant on stable energy markets. Smart investors and entrepreneurs should now consider <strong>diversifying portfolios and assessing risk management strategies<\/strong> to navigate potential volatility as regional tensions evolve.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUSCAT: Oman crude prices jumped 13.7% to $80.40 per barrel amid Middle East tensions from US-Israeli strikes on Iran. This marks the largest percentage spike in over a year, driven by geopolitical risks. Analysts expect prices to remain elevated due to ongoing volatility.<\/p>\n","protected":false},"author":5,"featured_media":9515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114],"tags":[3625,328,3205],"class_list":["post-9517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-geopolitical-risk","tag-oil-prices","tag-oman-crude"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2026\/03\/3311315.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/9517","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=9517"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/9517\/revisions"}],"predecessor-version":[{"id":9518,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/9517\/revisions\/9518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/9515"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=9517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=9517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=9517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}