{"id":31328,"date":"2026-10-02T02:27:46","date_gmt":"2026-10-02T02:27:46","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=31328"},"modified":"2026-10-02T02:27:46","modified_gmt":"2026-10-02T02:27:46","slug":"oil-prices-soar-to-103-per-barrel-again-as-middle-east-supply-concerns-intensify","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=31328","title":{"rendered":"Oil prices soar to $103 per barrel again as Middle East supply concerns intensify"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-134630379,imgsize-123908,width-400,height-225,resizemode-4\/brent-crude-climbs-beyond-100as-strait-of-hormuz-disruptions-choke-global-oil-supplies.jpg\" alt=\"Oil prices soar to $103 per barrel again as Middle East supply concerns intensify\" title=\"Brent crude climbs beyond $100as Strait of Hormuz disruptions choke global oil supplies\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"Brent crude climbs beyond $100as Strait of Hormuz disruptions choke global oil supplies\">Brent crude climbs beyond $100as Strait of Hormuz disruptions choke global oil supplies<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Oil prices edged higher on Friday as fresh restrictions on Chinese fuel exports and reports of increased US military deployments to the Middle East kept supply concerns in focus.<span class=\"id-r-component br\" data-pos=\"2\"\/>Brent crude stood at $102.60, higher by 28 cents or 0.27% while WTI crude was trading at $92.96, up 9 cents or 0.10%.<span class=\"id-r-component br\" data-pos=\"4\"\/>The moves came after a sharp rally in the previous session. Brent gained more than $4 on Thursday, while WTI rose by over $2 after reports that the US was sending additional troops and aircraft carriers to the Middle East. News that China had halted fuel exports further heightened concerns about a potential worsening of global fuel shortages.<span class=\"id-r-component br\" data-pos=\"8\"\/>Despite the recent rise, Brent remained on course for a 1.93% weekly decline. The benchmark had gained 14% overall in September, while WTI posted a more modest 4% rise last month.<span class=\"id-r-component br\" data-pos=\"10\"\/>According to the Wall Street Journal, US was sending a third aircraft carrier and as many as 10,000 additional troops to the Middle East. The move came as President Donald Trump weighed whether to resume strikes on Iran after the US midterm elections.<span class=\"id-r-component br\" data-pos=\"13\"\/>&#8220;Now I have to make a decision. They&#8217;ll either sign a very fair deal, or they won&#8217;t exist any longer,&#8221; Trump told reporters at the White House.<span class=\"id-r-component br\" data-pos=\"15\"\/>China&#8217;s decision on fuel exports was another source of concern for oil markets. Beijing had restricted fuel exports in March following the outbreak of the US-Israeli war on Iran, before easing those curbs in July. It has since been managing shipments of diesel, gasoline and jet fuel on a monthly basis.<span class=\"id-r-component br\" data-pos=\"19\"\/>China began a weeklong holiday on Thursday, with major refiners not receiving approval to export to regions outside Hong Kong and Macau in October, according to sources. It was not immediately clear whether Beijing would again permit refiners to export fuel once the holiday ends on October 7.<span class=\"id-r-component br\" data-pos=\"21\"\/>Meanwhile, the US administration has asked Germany and France to reduce emergency diesel inventories in an effort to ease soaring global fuel prices, according to three people.<span class=\"id-r-component br\" data-pos=\"23\"\/>As the Middle East conflict has stretched beyond seven months, oil markets have remained volatile, although prices have been relatively calmer than the sharp spike to $126 a barrel seen earlier.<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/international-business\/oil-prices-soar-to-103-per-barrel-again-as-middle-east-supply-concerns-intensify\/articleshow\/134630145.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent crude climbs beyond $100as Strait of Hormuz disruptions choke global oil supplies Oil prices edged higher on Friday as fresh restrictions on Chinese fuel exports and reports of increased US military deployments to the Middle East kept supply concerns in focus.Brent crude stood at $102.60, higher by 28 cents or 0.27% while WTI crude 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crude climbs beyond $100as Strait of Hormuz disruptions choke global oil supplies Oil prices edged higher on Friday as fresh restrictions on Chinese fuel exports and reports of increased US military deployments to the Middle East kept supply concerns in focus.Brent crude stood at $102.60, higher by 28 cents or 0.27% while WTI crude [&hellip;]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 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