Oil Price Hike Archives

Oil Surges Above $110 as Hormuz Shutdown Jolts Global Oil Market

March 10, 2026 GSRRA

Crude oil prices climbed above $110 a barrel on Sunday after several Middle Eastern producers curtailed output as the Strait of Hormuz remained closed amid the escalating Iran war, raising…

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Pakistan receives shipment of 50,000 metric tonnes of petrol

March 10, 2026 GSRRA

Pakistan’s energy sector received its first shipment of crude oil since the closure of the Strait of Hormuz after US-Israel, Iran conflict, ARY News reported on Tuesday. As per details,…