{"id":547287,"date":"2026-05-19T10:28:00","date_gmt":"2026-05-19T05:28:00","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=547287"},"modified":"2026-05-19T10:28:00","modified_gmt":"2026-05-19T05:28:00","slug":"oil-prices-shoot-up-after-drone-strikes","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/oil-prices-shoot-up-after-drone-strikes\/","title":{"rendered":"Oil prices shoot up after drone strikes"},"content":{"rendered":"<p>LONDON: Oil led gains on Monday as fresh attacks in the Gulf intensified fears over supply disruption, pushing energy prices higher and sending ripples through global markets already under pressure from rising bond yields and geopolitical tensions.Brent crude rose 1.2% to $110.63 a barrel, while US West Texas Intermediate gained 1.0% to $106.42. Oil prices rose after a drone strike sparked a fire at a nuclear power plant in the United Arab Emirates, and Saudi Arabia said it intercepted three drones. US President Donald Trump warned Iran it must act \u201cfast\u201d to reach a deal. Tensions were further amplified by concerns over the Strait of Hormuz, where shipping has been heavily disrupted. Tehran is seeking to formalise tighter control over the waterway, which typically carries around 20% of global oil trade. \u201cThe closure is draining global oil inventories fast,\u201d analysts at Capital Economics said. \u201cInventories could reach critical levels by end-June, setting the stage for Brent at $130-140pb, if not higher.\u201d DNA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil led gains on Monday as fresh attacks in the Gulf intensified fears over supply disruption, pushing energy prices higher and sending ripples through global markets already under pressure from rising bond yields and geopolitical tensions.Brent crude rose 1.2% to $110.63 a barrel, while US West Texas Intermediate gained 1.0% to $106.42. Oil prices [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-547287","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil prices shoot up after drone strikes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/oil-prices-shoot-up-after-drone-strikes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices shoot up after drone strikes\" \/>\n<meta property=\"og:description\" content=\"LONDON: Oil led gains on Monday as fresh attacks in the Gulf intensified fears over supply disruption, pushing energy prices higher and sending ripples through global markets already under pressure from rising bond yields and geopolitical tensions.Brent crude rose 1.2% to $110.63 a barrel, while US West Texas Intermediate gained 1.0% to $106.42. 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