Amid Iran war, Alaska’s oil is selling with an extra premium on global markets

By: James Brooks

Outlets: Alaska Beacon

Published: May 7, 2026

Words: 678

Last Updated: 2 months, 2 weeks ago

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The first month of the American war against Iran caused crude oil prices to skyrocket around the world, and the price of Alaska’s oil has risen particularly far.

That rise is making extra millions of dollars available for state services and the Permanent Fund dividend, even as it squeezes the finances of individual Alaskans.

In figures newly compiled by the Alaska Department of Revenue, the average price of a barrel of Alaska North Slope …

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