Oil prices surge despite global action to boost reserves

Name: Oil prices surge despite global action to boost reserves
Uploaded: 2026-03-12T16:02:19+00:00
Duration: 47 s
Channel: Evening Standard
Description: Oil prices have risen further despite a global deal to release a record 400 million barrels of reserves as Iran continued to strike key energy and shipping infrastructure.Brent crude rose by another 4...

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Oil prices have risen further despite a global deal to release a record 400 million barrels of reserves as Iran continued to strike key energy and shipping infrastructure.Brent crude rose by another 4% to nearly 96 US dollars a barrel in morning trading on Thursday, following similar gains on Wednesday, as prices failed to ease in spite of the International Energy Agency (IEA) move to boost worldwide oil reserves.