Oil prices relax slightly amid Middle East tensions; Brent crude drops to $102 per barrel

2026-03-18 - 02:49

Middle East tensions are causing oil prices to fluctuate, with Brent crude and WTI experiencing initial gains followed by a slip. Attacks on energy facilities and threats to key shipping routes are fueling supply concerns, impacting global markets and leading to higher gasoline prices in the US. India faces LPG supply worries, though authorities assure stability.