From crisis to opportunity: Seychelles eyes renewables amid oil turmoil |13 March 2026

From crisis to opportunity: Seychelles eyes renewables amid oil turmoil

By Sunny Esparon

The escalation of conflict in the Middle East has triggered a sharp increase in global oil prices, with Brent crude surging significantly in early March 2026 before partial stabilisation.

International benchmark Brent crude reached highs near US $119.50 per barrel amid fears of prolonged disruptions to production and shipping through the Strait of Hormuz, before settling around US $91–92 per barrel as of March 11, 2026.

This volatility stems from damage to key facilities, reduced tanker traffic, and supply constraints from major producers in the region.

To continue reading, please click here to subscribe to Seychelles NATION’s e copy