Iran war pushes up oil prices; Norway's March crude oil export value hits record high
As the Iran war and the blockade of the Strait of Hormuz drive up international oil prices, Norway's crude oil export value reached a record high in March, surging 67.9% year-on-year to 57.4 billion krone.
📋 Article Processing Timeline
- 📰 Published: April 15, 2026 at 22:26
- 🔍 Collected: April 15, 2026 at 22:31 (5 min after Published)
- 🤖 AI Analyzed: April 19, 2026 at 05:28 (78h 56m after Collected)
Major Iran War News
Central News Agency
(CNA, Oslo, 15th) As the outbreak of the Iran war and the blockade of the critical shipping lane, the Strait of Hormuz, push up international oil prices, Statistics Norway stated today that Norway's crude oil export value hit a record high in March.
AFP reported that during peacetime, about one-fifth of the world's crude oil and liquefied natural gas (LNG) is transported through the Strait of Hormuz. Norway is Europe's largest oil and gas producer, excluding Russia.
Analyst Jan Olav Rorhus stated in a release: "The closure of the Strait of Hormuz has severely impacted supply in the oil market, causing oil prices to spike in March, which in turn pushed (Norway's) export value to a new high."
Statistics Norway stated that Norway's crude oil exports reached 57.4 billion Norwegian krone (about 192.2 billion NTD) in March, a massive 67.9% increase compared to the same period last year. The average price of crude oil per barrel in March was 1014 krone, also a new monthly high since September 2023.
This boom has also caught the attention of US President Donald Trump. Trump posted on his social media platform "Truth Social" yesterday, claiming that the UK does not drill for oil and builds windmills instead, while Norway sells North Sea oil to the UK at double the price, saying "they made a fortune." (Translator: Yang Chao-yen) 1150415
Stand with facts, your every sponsorship is the power to protect press freedom
Download the CNA "First Hand News" APP to grasp the latest news instantly
The text, images and audio/video on this website may not be reproduced, publicly broadcast or publicly transmitted and used without authorization.
Central News Agency
(CNA, Oslo, 15th) As the outbreak of the Iran war and the blockade of the critical shipping lane, the Strait of Hormuz, push up international oil prices, Statistics Norway stated today that Norway's crude oil export value hit a record high in March.
AFP reported that during peacetime, about one-fifth of the world's crude oil and liquefied natural gas (LNG) is transported through the Strait of Hormuz. Norway is Europe's largest oil and gas producer, excluding Russia.
Analyst Jan Olav Rorhus stated in a release: "The closure of the Strait of Hormuz has severely impacted supply in the oil market, causing oil prices to spike in March, which in turn pushed (Norway's) export value to a new high."
Statistics Norway stated that Norway's crude oil exports reached 57.4 billion Norwegian krone (about 192.2 billion NTD) in March, a massive 67.9% increase compared to the same period last year. The average price of crude oil per barrel in March was 1014 krone, also a new monthly high since September 2023.
This boom has also caught the attention of US President Donald Trump. Trump posted on his social media platform "Truth Social" yesterday, claiming that the UK does not drill for oil and builds windmills instead, while Norway sells North Sea oil to the UK at double the price, saying "they made a fortune." (Translator: Yang Chao-yen) 1150415
Stand with facts, your every sponsorship is the power to protect press freedom
Download the CNA "First Hand News" APP to grasp the latest news instantly
The text, images and audio/video on this website may not be reproduced, publicly broadcast or publicly transmitted and used without authorization.