Rising Oil and Gas Prices in Global Market 2023

Oil prices hit highest levels in years due to the Iranian war, with uncertainty dominating the global market.

Recent reports indicate a substantial rise in oil and gas prices, reaching unprecedented levels not seen in years. This increase is attributed to the ongoing effects of the Iranian war, which is expected to have a noticeable impact on the global market. In this context, Dastan Meyer, Vice President at the American Petroleum Institute, emphasized the importance of promptly opening the strategic oil reserve.