DID Press: Global oil prices have surged sharply amid ongoing conflict in the Middle East, with prices rising nearly 50% since late February following US and Israeli military actions targeting energy infrastructure and commercial shipping routes.
According to the Wall Street Journal, crude prices have climbed toward $180 per barrel as prolonged supply disruptions rattle global markets.
Analysts warn that continued instability could fuel a broader economic slowdown, forcing consumers to cut demand while raising concerns even among major energy producers.
Some experts told the newspaper that oil reaching $200 per barrel in 2026 is “not impossible” if disruptions persist.