Vahid Online in English

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12 Mar 2026, 13:17

The International Energy Agency has reported that 32 members of this international body have decided to release 400 million barrels of strategic oil reserves, with the United States and Japan having the largest shares.

In this context, the U.S. Department of Energy has announced that starting next week, it will release a total of 172 million barrels from its strategic oil reserves into the market over a period of 120 days.
@VahidHeadline
Oil prices in global markets on Thursday morning, March 21, coinciding with the intensification of attacks by the Islamic Republic on oil tankers and concerns over the closure of the Strait of Hormuz, have once again surpassed the $100 mark.
@VahidOOnLine
With the sharp increase in fuel costs and disruptions in flight paths due to insecurity in many parts of the Middle East, airlines around the world have raised ticket prices. According to Reuters, the price of jet fuel, which was around $85 to $90 per barrel before the onset of conflicts, has now reached approximately $150 to $200. This significant increase in fuel costs has led some airlines to raise flight ticket prices to compensate for their operational expenses.
@VahidOOnLine
According to the New York Times, in a Pentagon briefing to U.S. lawmakers, it was stated that the first week of the war against Iran cost the United States more than $11.3 billion. The New York Times, citing sources familiar with the closed-door session on Tuesday, reported that this figure does not include many costs related to the preparation and deployment of forces prior to the start of the attacks; therefore, the actual cost of the first week of the war may be significantly higher. Defense officials had previously informed Congress that approximately $5.6 billion worth of munitions were used in just the first two days of the conflict, a figure that is much higher than previous public estimates.
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