Oil prices jump as Iran war threatens shipping through strait of Hormuz
Brent crude rose by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of disruptionOil prices soared and stock markets came under pressure on Monday after intense US-Israeli strikes on Iran prompted fears of significant global economic...
<p>Brent crude rose by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of disruption</p><p>Oil prices soared and stock markets came under pressure on Monday after intense US-Israeli strikes on Iran prompted fears of significant global economic disruption.</p><p>Brent crude jumped by as much as 13% during early trading – to hit $82 per barrel, a 14-month high – as the effective closure of the strait of Hormuz, one of the most important arteries for global trade, intensified concerns over oil supplies.</p> <a href="https://www.theguardian.com/world/2026/mar/02/oil-prices-iran-war-strait-of-hormuz-shipping">Continue reading...</a>
Read the full article at:
The Guardian World →