Global Oil Prices Retreat Despite Escalating Middle East Tensions: Supply Routes Hold Strong
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July 30, 2026
Global crude oil prices saw a dip on Thursday, reversing recent gains, as shipping data confirmed continued supply flows from the Middle East despite escalating regional conflicts and threats to Red Sea shipping.
Global Oil Markets Brace for Volatility as Middle East Tensions Escalate, Brent Crude Nears $90
July 30, 2026
Global oil prices surged over seven percent, with Brent crude nearing $90 per barrel, driven by escalating Middle East tensions and a drawdown in US crude inventories. Threats to key shipping lanes and continued volatility are expected, impacting global…