Satellite view of the Salalah oil storage fire in Oman. An Iranian drone strike on March 11 ignited the blaze, sending a plume over the Gulf of Oman’s strategic port amid the wider conflict with Iran. Imaged March 13, 2026. Gallo Images | Orbital Horizon | Copernicus Sentinel Data 2026 | Getty Images Oil prices…
Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Stringer | Reuters Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a…
Oil prices fell 3% on Thursday after comments from U.S. President Donald Trump calmed fears that an American strike on Iran could be imminent. Brent crude oil futures, the global benchmark, dipped by 2.8%, or $1.87, to settle at $64.63 a barrel. Front-month West Texas Intermediate crude lost $1.79, or 2.9%, to trade at $60.23…
