Tuesday, March 17, 2026

Business News

Oman crude surges past $152 as May price hits new highs

Oman’s official crude oil price for May delivery climbed sharply on Tuesday, extending recent gains amid heightened regional tensions and supply concerns.

TAS News Service

info@thearabianstories.com

Tuesday, March 17, 2026

MUSCAT – The official price of Oman crude for May delivery rose by $4.79 to reach $152.58 per barrel, marking one of the highest levels recorded in recent sessions, according to data published by Oman News Agency (ONA).

The latest increase continues a strong upward trend in oil markets, driven by geopolitical uncertainties in the region and concerns over potential disruptions to supply routes, including the Strait of Hormuz.

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