Oil prices skyrocket worldwide

May 18, 2026

Oil prices are shooting up in the world.

According to the recent report of Ria-Novosti of Russia, the global average oil price increased by 36.5% in April as compared to last year, the highest record since July 2022.

Foreign media outlets and experts express concern over the soaring oil price, attributing the eruption of the worst-ever energy crisis to the military intervention of the US in the Middle East.

KCNA-THE PYONGYANG TIMES

2026 © All rights reserved. www.pyongyangtimes.com.kp