Oil surges to seven month high as Iran war hits supply
Yahoo Finance·2026-03-01 13:42
US and Israeli strikes on Iran have led to disruption in fuel shipments in the region - STRINGER/EPA/Shutterstock Oil prices have surged as Donald Trump’s war with Iran disrupts supply from the Middle East. Brent crude jumped 13pc to around $82 a barrel when oil markets opened on Sunday night, as airstrikes on Iran continued for a second day. The jump took prices to a seven month high. Investors are concerned about disruption from one of the world’s most crucial oil producing regions. Missile and drone ...