Energy Insider | International oil prices break $100; Iran's five oil storage facilities attacked; Over 600 Chinese citizens have been safely evacuated from Iran

WealthCoffee · 2026-03-10T01:44:40+00:00

International oil prices first surpassed $100 on March 9, with WTI crude reaching $107.90 per barrel and Brent crude at $108.67 per barrel. At the same time, the United States granted India a temporary exemption, allowing it to purchase stranded Russian crude oil to ease global energy pressures.

WealthCoffee

2026-03-10 01:44:40

Abstract generation in progress

Caixin News

International Oil Prices Break $100

On March 9, international oil prices rose sharply after opening, surpassing $100 for the first time since the Russia-Ukraine conflict in 2022. As of press time, U.S. WTI crude oil futures main contract increased by 18.71%, trading at $107.90 per barrel; UK Brent crude oil rose by 17.24%, trading at $108.67 per barrel.

U.S. Temporary Exemption for India to Purchase Russian Oil: How Will the Global Oil and Gas Market Change?

Caixin.com reported on March 6 that on March 5, U.S. Treasury Secretary Scott Bessent announced on social media that to ease global energy pressures and ensure continuous oil flow into the global market, the U.S. Treasury issued a 30-day temporary exemption allowing Indian refineries to purchase Russian crude oil and petroleum products (referred to as “Russian oil”), but only for oil transactions stranded at sea. According to Bloomberg, as of March 1, approximately 140 million barrels of Russian crude oil are stranded at sea worldwide. India relies on imports for nearly 90% of its oil demand, making it the third-largest oil importer globally, after China and the United States.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.