Iran: Oil prices surge to two-year high of above $90 as Qatar issues fresh warning

Crude lipid prices surged to a two-year precocious of supra $90 per tube connected Saturday aft Qatar’s vigor curate warned helium expects each lipid and state exporters successful the Middle East to halt accumulation wrong days.

A cheque by DAILY POST connected lipid prices arsenic of Saturday greeting showed that Brent crude roseate to astir $93 per barrel, portion West Texas Intermediate stood astatine $91 per barrel.

This means that Brent roseate by 9 percent, the highest level since autumn 2023, according to the BBC.

According to Financial, Qatar’s vigor minister, Saad al-Kaabi said the struggle successful the Middle East could “bring down the economies of the world” and rise crude lipid prices to astir $150 per barrel.

DAILY POST reports that connected February 28, 2026, the struggle successful the Gulf portion escalated aft the US and Israel launched a coordinated onslaught connected Iran, starring to the decease of Iranian leaders, including Ayatollah Ali Khamenei.

Iran has launched respective retaliatory attacks connected respective countries successful the Middle East, which person devastated the region.

Iran had claimed power of the Strait of Hormuz arsenic refineries, including Saudi Arabia’s Ras Tanura refinery and QatarEnergy successful the region, announced impermanent shutdowns.

Recall that the...