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What Iran Strikes Mean for Oil and Global Markets
Posted
March 2, 2026
Views
15,452
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211
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6
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1.40%
March 2, 2026
15,452
211
6
1.40%
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1:35Now PlayingOil surged the most in four years as traders gauged the impact of the effective closure of the Strait of Hormuz triggered by US-Israeli strikes against Iran. Ruth Carson explains the implications of the war for oil and global markets. #iran #politics #trump #worldnews #usa #israel
The war in the Middle East spiraled further Monday as Israel and the US pounded Iran. Tehran and its allies hit back against Israel, neighboring Gulf states, and targets critical to the world’s production of oil and natural gas.
Iran continued to fire missiles at countries around the Middle East in response to the attack, causing major disruptions and a surge in oil prices, with Qatar and the UAE lobbying allies to help persuade Trump to reach for an off-ramp.
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