Oil Prices Surge Amid Middle East Tensions | Vancouver News

Oil prices surge past $98 a barrel as Middle East tensions flare, with Iran hinting at a shipping deal through Oman while U.S.-Iran clashes loom near Omani waters. Saudi Aramco’s Jazan facilities suffer another attack, compounding refinery shutdowns and tightening global supply. China’s return as a major buyer reignites demand, pushing prices higher from West Africa and Canada. Experts warn inventories are dangerously low, with forecasts predicting Brent crude could hit $120 if disruptions escalate — all amid a quiet market distracted by Labor Day and the Asia-Pacific Petroleum Conference. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f855972ae338c20a