Oil Prices

The Philippine Coast Guard expects no major impact from the oil crisis and high living costs on Holy Week sea travelers, estimated at three million. PCG spokesperson Commodore Noemie Cayabyab said the effect would be minimal, similar to last year's numbers. Monitoring began on March 28 until April 5 under Oplan Byaheng Ayos Semana Santa 2026.

March 27, 2026 An Ruwaito ta hanyar AI

The Indian rupee weakened further to breach 94 and approach 95 against the US dollar—a new record low—following its prior plunge to 93.73 last week. Surging crude oil prices from Red Sea tensions and fears of a prolonged Gulf war drove the slide, while Indian stocks extended losses into a fifth consecutive week. Limited Reserve Bank of India intervention has heightened concerns of additional depreciation.

With Brent crude already past $100 due to prior Iranian attacks and Strait of Hormuz issues, escalating US-Iran tensions now raise worst-case fears of $200 per barrel oil prices. India's stock markets have plunged, hitting oil firms hardest, amid risks of wider deficits, rupee weakness, and inflation.

March 13, 2026 An Ruwaito ta hanyar AI

The ongoing war between Iran and Israel has intensified, with missile exchanges and the continued closure of the Strait of Hormuz disrupting global oil supplies. Oil prices have surged above $100 per barrel, fueling market declines and inflation fears worldwide. Governments are responding with measures to stabilize energy markets amid concerns over prolonged conflict.

Bitcoin has maintained its position around $70,000 despite a sharp rise in oil prices driven by escalating tensions with Iran. U.S. stocks tumbled on concerns over energy costs and private credit issues, while President Trump prioritized stopping Iran over price worries. Later, Treasury Secretary Scott Bessent's announcement on Russian oil eased some pressures, pushing Bitcoin toward $72,000.

March 11, 2026 An Ruwaito ta hanyar AI

Korean stocks closed lower on Thursday amid escalating tensions in the Strait of Hormuz, which caused volatility in global oil prices. The KOSPI index fell 0.48 percent to 5,583.25, while the won weakened sharply to 1,481.2 against the U.S. dollar, down 14.7 won. Despite the International Energy Agency's plan to release oil reserves, investors remained cautious over fears of a prolonged conflict.