Will US oil companies be the big winners from the Iran war? But the question remains whether the new war in the Middle East also leads to increased oilfield investment. - What does the Middle East war mean for US oil industry profits? Brent oil futures briefly surged above $85 a barrel on Tuesday, while European natural gas prices reached their highest level since 2023. The jump in the natural gas market is due to QatarEnergy's suspension of liquefied natural gas (LNG) production.

Source: Bangkok Post March 04, 2026 03:07 UTC