All Articles

RIYADH, March 9 (Saudi Arabia Breaking News) – Global oil prices climbed above $100 per barrel for the first time in more than three and a half years as the conflict involving Iran disrupted energy production and shipping routes in the Middle East. Brent Crude, the international oil benchmark, was trading at $101.19 per barrel on Sunday, up 9.2% from Friday’s closing price of $92.69. West Texas Intermediate crude rose to about $108.37 per barrel after trading resumed on the C

Qatar's energy minister Saad al-Kaabi speaks at the Qatar Economic Forum in Doha on May 20, 2025. Karim Jaafar/AFP/Getty Images RIYADH, March 6, 2026 (Saudi Arabia Breaking News) — The ongoing conflict in the Middle East could force Gulf energy exporters to shut down production within days and push oil prices to $150 a barrel, Qatar’s energy minister Saad al-Kaabi said in an interview with the Financial Times. Al-Kaabi said crude prices could reach $150 within two to three we