Tuesday, August 25, 2026
News update
- PM Orders Study on Restoring Universal Stipends for Girls |
- President urges KSA to make hajj more convenient for Bangladeshi pilgrims |
- Second Teesta Bridge: Costly shortcut that heavy vehicles cannot take |
- March in Stockholm for stronger climate action ahead of polls |
- Dhaka ranks 18th in global air quality ranking Monday morning |
Oil prices jump following US strikes on Iran
Greenwatch Desk
International
2025-06-23, 10:40am
Global oil prices climbed sharply in early trading today as US air strikes on Iran’s nuclear facilities fuelled fears of potential disruptions to energy supplies.
Both Brent crude and US benchmark WTI rose over four percent at the start of trading, reaching their highest levels since January, AFP reported. However, those gains moderated later, with Brent up 2.2 percent at $79.20 per barrel and WTI 2.1 percent higher at $75.98 around 00:30 GMT.
MUFG economists told AFP that the “high uncertainty surrounding the outcome and length of this conflict” could lead to oil prices rising by as much as $10 per barrel.
Iran, the world’s ninth-largest oil producer, pumps about 3.3 million barrels per day, nearly half of which is exported, with the rest used domestically, reports UNB.