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Bangladesh closes all universities by advancing the Eid al-Fitr holidays as part of emergency measures to reduce electricity consumption during an energy crisis linked to the Iran war.
2026-03-9

Bapco Energies declares force majeure on certain refinery operations in Bahrain after damage to its facilities by Iranian strikes, temporarily affecting shipments.
2026-03-9

South Korean president Lee Jae Myung orders the activation of a ₩100 trillion (about US$68 billion) stabilization fund to address volatility in the country's financial markets linked to the Iran war.
2026-03-5

Brent Crude oil reaches its highest price since its 2014 peak, at $99 per barrel, amid rising tensions between Russia and Ukraine.
2022-02-23

OPEC+ members, particularly Saudi Arabia and the United Arab Emirates, reach an agreement to increase oil production, ending disputes that caused prices to reach their highest level since 2014. Per the terms of the agreement, Russia will increase its production from 11 million barrels to 11.5 million by May 2022, while the other members will increase their production by 400,000 barrels per day starting in August.
2021-07-18

U.S. oil prices for May contract settle at an all-time low, finishing down over 300% to −$37.63 per barrel.
2020-04-20

Following the drone attacks on Saudi Aramco facilities, the price of benchmark Brent Crude oil futures contracts surges as high as 19.5% at market opening, the biggest increase in percentage terms since the 1990 oil price shock in response to Ba'athist Iraq invading Kuwait.
2019-09-15

Reuters reports that Alberta Province, which projects a C$10 billion deficit this fiscal year as the prolonged slump in oil prices has reduced tax revenue, last month cut funding for wildfire prevention, including millions for programs created in response to the province's Slave Lake wildfire in 2011, which destroyed more than 300 homes.
2016-05-5