oil prices, crude oil, energy markets, Brent crude, US-Iran conflict, Strait of Hormuz, Middle East tension
March 02, 2026
Oil prices surge, cross $80 after US-Iran conflict engulfs Middle East, Strait of Hormuz
Oil prices experienced a sharp increase as markets opened for the first time following a significant escalation of conflict between the United States and Iran, a development that is now threatening critical energy infrastructure throughout the Middle East. The international benchmark, Brent crude, jumped by 13% to trade above $82 per barrel, a level not […]