Oil surges as Iran conflict escalates

11:42am, Monday, 02'nd Mar 2026
CNBC's Dan Murphy breaks down the escalating conflict across the Gulf and the risks to oil supply and regional stability.
WTI gained 1.48% (+$0.98) this week, closing at $67.29 after trading between $63.60 and $67.83. The move comes amid escalating Iran war tensions, a declared Strait of Hormuz closure risk, and OPEC+ ap
Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, discusses elevated geopolitical uncertainty and its impact on the markets. Wall Street's worries about an inflation resurgence sent 
U.S. exporters of liquefied natural gas—Venture Global, NextDecade, and Cheniere—stand to be big winners from the conflict in Iran.
As U.S.-Israel strikes in Iran drive up oil prices, CNBC's Eamon Javers breaks down how oil and energy are a top priority for President Donald Trump's economic policy.
An escalating conflict in the Middle East rattled global markets on Monday, as the prospect of a long-drawn fight drove energy prices higher and hammered travel stocks and ​regional assets.
There are many parts behind the spike in crude oil prices underneath headlines of the strike on Iran. From the pipelines to the international players beyond the Middle East, Kevin Green explains the m
Buccaneer Energy Plc (AIM:BUCE, FRA:LMU1) confirmed to investors it has closed a £350,000 fundraise to finance an adjacent producing-well acquisition in East Texas and push ahead with an Organic Oi

Why Oil Markets Can't Shrug Off This Conflict

10:54am, Monday, 02'nd Mar 2026
There isn't enough cushion in the system to absorb big oil disruptions.
The oil market has been noisy and positive in early Monday after the Americans and Israelis attacked Iran.
Dow Inc. and LyondellBasell Industries could benefit from widening oil and natural-gas spreads as Iran-related turmoil lifts crude prices.
Strikes from U.S. and Israel killed Iran's Supreme Leader and other top members of its leadership. Stock futures fell while crude oil spiked 8% higher.
Natural gas prices soared after QatarEnergy halted LNG production following a drone attack on its Ras Laffan complex, increasing worries about supplies through the Strait of Hormuz.
On Monday, QatarEnergy said it ceased production at one of its energy facilities. Production was paused "due to military attacks" on some of the company's operating facilities, QatarEnergy said.
JP Morgan has upgraded two of Europe's largest oil companies and identified its preferred stocks to play a potential surge in oil prices, as full-scale military strikes in the Middle East transform wh
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