- Oil Prices Today: Crude Is on the Rise, But There’s a Floor Barron’s
- Oil back above $100 a barrel as conflicting claims emerge on US-Iran talks BBC
- Why the oil and gas price shock from the Iran war won’t just fade away Al Jazeera
- Oil rises, with Brent climbing back above $100 as optimism fades over Iran war de-escalation CNBC
- Oil Prices Spike as Iran Denies U.S. Talks and Traders Refocus on Supply Risk Crude Oil Prices Today | OilPrice.com
Category: 3. Business
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Oil Prices Today: Crude Is on the Rise, But There’s a Floor – Barron's
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Oil surge and weak Eurozone PMIs drive markets as US Dollar firms
Here is what you need to know for Wednesday, March 25:
The US Dollar Index (DXY) is trading around the 99.50 region, experiencing a relative surge as rising United States (US) Treasury yields and hawkish Fed expectations offset mixed risk sentiment. Elevated Oil prices reinforce inflation concerns, supporting the Greenback.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.
USD EUR GBP JPY CAD AUD NZD CHF USD 0.26% 0.40% 0.37% 0.28% 0.61% 0.71% 0.59% EUR -0.26% 0.11% 0.09% 0.02% 0.36% 0.45% 0.33% GBP -0.40% -0.11% -0.02% -0.08% 0.23% 0.33% 0.22% JPY -0.37% -0.09% 0.02% -0.05% 0.27% 0.38% 0.25% CAD -0.28% -0.02% 0.08% 0.05% 0.32% 0.42% 0.30% AUD -0.61% -0.36% -0.23% -0.27% -0.32% 0.10% -0.04% NZD -0.71% -0.45% -0.33% -0.38% -0.42% -0.10% -0.12% CHF -0.59% -0.33% -0.22% -0.25% -0.30% 0.04% 0.12% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
EUR/USD fell near the 1.1580 zone, finding some support from a softer Dollar at times but pressured by weak Eurozone PMI data. The near stagnation in services activity capped upside and highlighted slowing growth momentum in the bloc.
GBP/USD plummeted to near the 1.3385 region. The Pound was weighed down by rising cost pressure and slowing United Kingdom (UK) business activity, as PMI-related inflation concerns intensified alongside the global energy shock.
USD/JPY remained elevated near the 159.00 area, supported by higher US yields. The Yen remained under pressure amid policy divergence, though intermittent risk-off sentiment provided mild support.
AUD/USD bottomed out at 0.6940, benefiting from USD softness in some parts of the session. However, gains were capped as global growth concerns triggered by weak PMIs and rising energy costs limited risk appetite.
West Texas Intermediate (WTI) Oil surged toward $92 per barrel, driven by escalating geopolitical tensions and supply risks linked to disruptions in key shipping routes. The rally reinforced inflation fears and became the key driver of global markets.
Gold trades in a tight, range-bound tone at $4,406, struggling to capitalize fully on safe-haven demand after Monday’s drop to $4,098. While geopolitical risks offered support, higher yields and a resilient US Dollar limited upside momentum.
What’s next in the docket:
Wednesday, March 25:
- Australia Consumer Price Index (Feb).
- United Kingdom Inflation Data (CPI, PPI, RPI).
- Switzerland ZEW Survey – Expectations (Mar).
- Germany IFO Business Climate (Mar).
- Switzerland SNB Quarterly Bulletin (Q1).
Thursday, March 26:
- Germany GfK Consumer Confidence (Apr).
- Eurozone Gross Domestic Product (Q4).
- Germany Bundesbank Monthly Report.
- United States Initial Jobless Claims.
- New Zealand ANZ – Roy Morgan Consumer Confidence (Mar).
Friday, March 27:
- UK March Consumer Confidence.
- UK February Retail Sales.
- Eurozone March Harmonized Index of Consumer Prices Prel.
- US March Michigan Consumer Sentiment & Inflation Expectations.
WTI Oil FAQs
WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media.
Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa.
The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency.
OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.
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CERAWeek: Qatar’s LNG problems rattle Big Oil executives
Big Oil executives warned on Tuesday that damage to Qatar’s liquefied natural gas (LNG) supplies could send shocks throughout global energy markets, even as their companies’ shares surged on the back of $100-a-barrel crude.
An Iranian attack on Ras Laffan Industrial City last week effectively wiped out 17 per cent of Qatar’s LNG export capacity. The state-run QatarEnergy declared force majeure on Tuesday on its LNG contracts with Belgium, China, Italy and South Korea.
While Qatar’s LNG production halt is set to severely disrupt supply flows to Asia, Shell chief executive Wael Sawan warned the Iran war would lead to broader “ripple effects” in global energy markets.
“We see, of course, South Asia first to get the brunt. That’s moved to South-East Asia, North-East Asia, and then more so into Europe as we get into April,” Mr Sawan told those attending CERAWeek in Houston, Texas.
Shell has a 30 per cent interest in QatarEnergy LNG. Chief executive Saad Al Kaabi has warned it could take up to five years to rebuild the reduced capacity.
Subsequently, Shell also declared force majeure on its LNG supply contracts for cargoes sourced from QatarEnergy, Reuters reported. Mr Sawan said the Anglo-Dutch major’s Pearl gas-to-liquids centre was safe.
Shares in the company have risen by about 11 per cent since the Iran war began on February 28, despite concerns over attacks on its operations in Qatar.
Others have seen their shares increase as well, as recent estimates from Jeffries and Rystad Energy anticipate that major US oil companies could see a windfall of about $63.4 billion if crude prices continue to hover around $100 a barrel.
Oil prices were edging higher on Tuesday, with Brent crude trading 2.59 per cent higher at $102.5 a barrel, after reaching as high as $119 a barrel last week on fears of supply chain disruptions caused by the effective closure of the Strait of Hormuz.
Shares in Chevron have risen more than 11 per cent since before the war, while ExxonMobil’s shares rose by more than 8 per cent. The company’s president of integrated gas, Cedric Cremers, on Monday said Shell was concerned about the impact the Iran war would have on the long-term confidence of LNG supplies.
Shares in ConocoPhillips have risen more than 15 per cent. ConocoPhillips is a vital partner of QatarEnergy and holds an interest in a large-scale LNG liquefaction and export project in Ras Laffan.
Chief executive Ryan Lance said the company was in discussions with the Trump administration to receive extra protection around its assets.
Anatol Feygin, executive vice president at the Houston LNG company Cheniere, on Monday described the cut-off of LNG supply as a “guillotine issue”.
Mr Lance, like other top energy executives this week, said his company was fighting with the supply constraints that the Iran war was placing on markets and the economy.
“You just can’t take eight to 10 million barrels a day of oil and 20 per cent or so of the LNG market off the world stage without having some significant regressions,” he said. “I think we’re all trying to assess what the long-term implications are.”
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LaGuardia pilots raised safety alarms months before deadly runway crash | New York
Pilot safety concerns about New York’s LaGuardia airport were filed to aviation officials months before Sunday’s collision between an airplane and a fire truck left two pilots dead and 41 other people hospitalized.
According to the aviation safety reporting system administered by the US space agency Nasa, a pilot using the airport in the summer wrote, “Please do something,” after air traffic controllers failed to provide appropriate guidance about multiple nearby aircraft.
“The pace of operations is building in LGA,” they wrote, referring to the New York City airport, one of the busiest in the US. “The controllers are pushing the line.”
In a reference to the January 2025 mid-air collision over the Potomac River in Washington DC that killed more than 60 people, they said: “On thunderstorm days, LGA is starting to feel like [Ronald Reagan National airport] did before the accident there.”
The warning, first reported by CNN, showed that the pilot of the aircraft was concerned that LaGuardia’s control tower initiated a takeoff clearance for an aircraft when their plane was “only 300 feet high on final” approach on a different runway – and the departing plane had hesitated initiating its takeoff run.
“I think he or she thought twice before starting their takeoff roll,” the pilot of the aircraft said. The pilot mentioned how thick, smoky haze from wildfires in Canada at the time as well as a possible helicopter in the area had convinced him it was “safer to continue the approach and land [about] 10 seconds after the departing aircraft crossed our path”.
Otherwise, the pilot added, he would have been left “suddenly going around and trusting that the helicopter was not near the departure end of 22”, with the number referring to a runway.
The pilot concluded: “the [air traffic control] guidance … does not seem to give guidance on exactly how close aircraft in this situation can get.”
“Based on today’s and close calls I have seen over the years for [runways at the Philadelphia and Newark international airports], it seems to be a [judgment] call by the local controller.”
They also said that a runway lighting system had been turned off. In another report since January 2025, a pilot said their aircraft had been cleared to cross a runway – but crossing “we noticed an aircraft we thought was landing at [runway] 31C seemingly headed for us.”
Air traffic control “should have sent the aircraft around”, they said.
Nasa’s Aviation Safety Reporting System has received dozens of anonymous pilot complaints about safety concerns at the smallest of New York’s three local airports.
The reports come as investigators are looking into the collision of a landing Air Canada Express flight 646 from Montreal that collided with an airport firetruck that had been cleared to cross the runway, leading to the deaths of pilots MacKenzie Gunther and Antoine Forest as well as injuries to dozens more.
After the air traffic controller cleared the fire truck, which was responding to a plane that had reported difficulties, the controller then tried to stop it from crossing. He could later be heard saying on a recording that he had been “dealing with an emergency earlier” and that he “messed up”.
Control tower audio captures moments before LaGuardia plane crash – audio The crash has raised fears that operations at US airports are under extreme stress. Airports have been dealing with a shortage of air traffic controllers, exacerbated by brutal federal government personnel cuts by Donald Trump’s administration at the start of his second presidency.
Airports have also grappled with ageing equipment and a shortage of security screeners owing to a partial government shutdown since mid-February, which has caused long security lines and frustration among travelers. More than 450 TSA officers have quit during the partial government shutdown, Department of Homeland Security said on Tuesday.
“We did not need another aviation tragedy to see this coming,” said to aviation expert Brian Fielkow in a comment to the Guardian. An investigation into the collision will take take time, he warned, but “let’s stop pretending we don’t understand the conditions in which this is happening.
“We are watching a system under strain. TSA professionals are showing up to work without pay. This creates distraction, instability and unnecessary risk. We are asking people responsible for securing our transportation system to operate under financial and emotional strain and expecting flawless performance. We are managing aviation safety like a political pawn instead of a system that cannot fail.”
Federal investigators said late on Monday it was too soon to answer many questions about Sunday’s deadly accident but promised more information would be released Tuesday.
Jennifer Homendy, the National Transportation Safety Board (NTSB) chair whose agency is investigating Sunday’s crash, said investigators would analyze the involved airplane’s cockpit and flight data recorders, which were recovered from the wreck undamaged.
She said the runway where the crash happened was likely to be closed for days as investigators sift through a “tremendous amount of debris”.
Homendy also said that an NTSB investigator sent to LaGuardia on Monday was delayed for three hours by security lines in Houston.
“Our air traffic control specialist, who was in line … for three hours, until we called … to beg, to see if we can get her through, so we can get her here.
“So it’s been a really big challenge to get the entire team here, and they’re still arriving as we speak,” Homandy added.
The Trump administration has sent Immigration and Customs Enforcement (ICE) agents to many US airports, claiming they are there to help with long pre-security lines.
Adam Stahl, the acting TSA deputy administrator, told Fox News that ICE agents would be “conducting non-specialized security support – manning the exit lanes, crowd management, line control … to help alleviate the challenges that our officers are facing”.
Hundreds of Transportation Security Administration (TSA) agents have called in sick or quit their jobs rather than be forced to work without pay amid the shutdown. The shutdown stems from the US Senate not funding the TSA’s parent agency over a disagreement over immigration enforcement reforms.
Sean Duffy, the US transportation secretary, on Monday declined to say how many controllers were on duty at LaGuardia when Sunday’s crash happened, deferring instead to the ongoing NTSB investigation.
But he denied rumors that the tower had only one controller on duty. He said LaGuardia was “very well staffed”, with 33 certified controllers and more in training. He said the goal was to have 37 on staff.
Sunday’s incident was not the only collision at LaGuardia in recent months. In October, two Delta jets collided on a taxiway, sending one person to a hospital.
In July 2024, a co-pilot reported a similar near-collision after controllers said a plane was cleared to cross the runway even though another aircraft was landing at the same time.
“Ground control issued a stop command just in time,” the report entry said.
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Stock market today: Live updates
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 24, 2026.
Jeenah Moon | Reuters
The S&P 500 pulled back on Tuesday, giving back some of the sharp gains seen in the previous session, as crude prices rose again while the Iran war moved further into its fourth week.
The broad market index fell 0.4%, while the Dow Jones Industrial Average shed 82 points, or 0.2%. The Nasdaq Composite dropped 1%.
Stocks took a leg lower as Treasury yields spiked following a 2-year auction, which BMO labeled “weak.”
The major averages all rose more than 1% on Monday after President Donald Trump said in a Truth Social post that the U.S. and Iran have held “very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.” Iranian state media reported that there were no direct talks between the two countries, however.
In the leadup to Trump’s announcement, the U.S. did engage with Iran in a series of closed-door discussions through Middle Eastern intermediaries, according to The Wall Street Journal, which cited people familiar with the matter. That said, the report stated that there was some doubt expressed privately by Arab mediators at the prospect of the two countries quickly reaching an agreement, as both sides were still far apart.
On Wall Street, confusion has grown among investors over how effective the talks to end the war were, given that Israel and Iran have since continued to exchange strikes in the wake of the president’s Monday comments, per Israeli authorities. The Pentagon is also reportedly planning to deploy around 3,000 soldiers to the Middle East, though the U.S. has not made a decision to put boots on the ground in Iran.
Oil prices resumed their rally Tuesday after tumbling in the prior day. Global benchmark Brent crude futures added more than 4% to trade above $104 a barrel. West Texas Intermediate crude futures jumped 5% to above $93 a barrel. Energy was also the S&P 500’s top-performing sector during the session, rising 3%. That puts its month-to-date gains at more than 10%. It is the only S&P 500 sector in positive territory in that timeframe.
“What we’re seeing at present is a lot of uncertainty in Iran, and as a result, I think the market goes sideways, with a fair amount of chop to performance, until that visibility improves,” said Terry Sandven, chief equity strategist at U.S. Bank Asset Management. “If the S&P [500] closes below 6,500, you probably will see some more downside.”
Investors were offered some encouragement Tuesday, to be sure, after an Iranian source told CNN that there has been “outreach” between the U.S. and Iran and that the latter is “willing to listen if a plan for a sustainable deal comes within reach that would preserve the national interests of the Islamic Republic of Iran.” Pakistan has additionally offered to facilitate talks between the two countries.
The developments came after Trump over the weekend had threatened an attack on Iranian power plants if the Strait of Hormuz wasn’t reopened. Iran, in turn, said that it would target U.S. infrastructure as a retaliatory tactic.
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Global Sukuk and GCC DCM Liquidity Show Varying Effects from Iran War – Fitch Ratings
- Global Sukuk and GCC DCM Liquidity Show Varying Effects from Iran War Fitch Ratings
- US and Middle East bond issuance separated by Iran war fi-desk.com
- Investor confidence hits Gulf sovereign bonds Arabian Gulf Business Insight | AGBI
- Bond and Sukuk Issuance in the Gulf States Declines Since the Start of the Iran War صحيفة مال
- GCC dollar bond, sukuk issuance slows amid Iran war uncertainty Mettis Global
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Gold Prices Plunge 7.87% Amid Geopolitical Tensions – 조선일보
- Gold Prices Plunge 7.87% Amid Geopolitical Tensions 조선일보
- Gold prices are steady after heavy sell-off CNBC
- Gold dives to 4-month low as inflation pressures lift rate hike bets Dawn
- Gold loses over 1% as dollar firms, Fed cut hopes fade Business Recorder
- Gold holds steady as investors focus on Middle East developments Reuters
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QatarEnergy declares force majeure on some LNG contracts due to Iran war | Business and Economy News
DEVELOPING STORYDEVELOPING STORY,
The move comes amid production disruptions linked to the US-Israeli war on Iran, which have affected Qatar.
Published On 24 Mar 2026
QatarEnergy has declared force majeure on some of its long-term liquefied natural gas (LNG) supply contracts, including for customers in Italy, Belgium, South Korea and China.
The move on Tuesday comes amid production and supply disruptions caused by the United States-Israeli war on Iran.
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Force majeure is a clause in contracts that allows a party to be excused from its obligations due to unforeseeable events. Petroleum companies in Kuwait and Bahrain have also recently invoked force majeure.
Global energy markets have been reeling since the US and Israel began attacking Iran on February 28.
Iranian missile and drone strikes across the Middle East, including most notably in the Gulf region, have targeted oil and gas facilities, prompting international condemnation.
Iran has also essentially closed the Strait of Hormuz, a critical Gulf waterway through which about one-fifth of the world’s oil and LNG supplies transit.
The attacks and the closure of the strait have spurred mounting concern as energy prices have soared.
Last week, QatarEnergy CEO Saad al-Kaabi said an Iranian attack on Qatar’s Ras Laffan gas facility wiped out about 17 percent of the country’s LNG export capacity, causing an estimated $20bn in lost annual revenue and threatening supplies to Europe and Asia.
Saad al-Kaabi told the Reuters news agency that two of Qatar’s 14 LNG trains, the equipment used to liquefy natural gas, and one of its two gas-to-liquids facilities were damaged in Iranian attacks.
The repairs will sideline 12.8 million tonnes of LNG production per year for three to five years, he said.
More to come …
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Rupee Loses Nearly Rs. 5 Against Euro, British Pound Each After Long Break
The Pakistani rupee (PKR) closed in green against the US Dollar (USD) for the 124th consecutive day on Tuesday.
Meanwhile, it posted losses against most of the other major currencies during today’s session.
The PKR closed at 279.22 after gaining three paisas against the US Dollar today.
Other Currencies
PKR gained two paisas against the UAE Dirham (AED) but lost one paisa against the Saudi Riyal (SAR).
Meanwhile, it lost Rs. 4.6 against the British Pound (GBP) and Rs. 4.3 against the Euro (EUR).
Currency 18-Mar 2026
19-Mar 2026
24-Mar 2026
Change +/–
USD 279.2591 279.2522 279.2232 0.0290 EUR 321.9020 319.7577 324.0106 -4.2529 GBP 372.9645 370.2046 374.8013 -4.5967 AUD 198.6091 196.2026 195.0234 -1.1792 MYR 71.3670 70.9032 70.7342 0.1690 CNY 40.6163 40.4549 40.5479 -0.0930 CAD 203.6975 203.2329 203.1527 0.0802 AED 76.0375 76.0377 76.0174 0.0203 SAR 74.3699 74.3631 74.3802 -0.0171 It lost Rs. 1.18 against the Australian Dollar (AUD) but gained eight paisas against the Canadian Dollar (CAD).
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Oil traders bet millions ahead of Trump's Iran talks post – BBC
- Oil traders bet millions ahead of Trump’s Iran talks post BBC
- Volume in stock and oil futures surged minutes before Trump’s market-turning post CNBC
- Traders placed $580mn in oil bets ahead of Donald Trump’s social media post on Iran talks Financial Times
- A 3 Step Checklist for a Higher Stock Market Barron’s
- Why Wall Street seems to keep believing Trump CNN
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