Americas heavy crude prices hit multi-year highs as Iran conflict disrupts oil markets
Reuters·2026-03-04 20:29
Core Viewpoint - Prices for heavy crude oil produced in the Americas have reached multi-year highs due to the impact of U.S.-Israeli attacks on Iran, which have disrupted exports of similar oil from the Middle East [1] Group 1: Price Trends - Heavy crude prices in the Americas surged to multi-year highs on Wednesday [1] - The increase in prices is attributed to the stymied exports of similar oil from the Middle East due to geopolitical tensions [1]