S&P 500 and Nasdaq-100 futures drop more than 1.5%
The widening Iranian conflict is disrupting oil flows to several Asian countries as vessels are bottled up within the Middle East Gulf and crude and transport costs are rising, industry sources and an
Oil prices surged on Monday as the unfolding conflict in the Middle East intensified. As markets monitor potential supply disruptions Energy Aspects' Amrita Sen expects prices to hold at $80 a barrel.
Crude prices surged after massive U.S.-Israel attacks against Iran raised fears of a wider regional war and prolonged disruption to energy flows through the Strait of Hormuz.

Equinor makes oil discovery in North Sea

02:37am, Monday, 02'nd Mar 2026
Equinor and its partners have discovered oil in their "Omega South Alfa" prospect near the Snorre field in North Sea, Norway's Offshore Directorate (NOD) said in a statement on Monday.
Global markets opened the week on the back foot after U.S. and Israeli strikes on Iran jolted investors. Asian markets started the day lower across the board, with major markets in the region in negat

Oil Price Surges as US-Iran Conflict Continues

02:07am, Monday, 02'nd Mar 2026
Oil surged by the most in four years as traders gauged the impact of the effective closure of the Strait of Hormuz as the conflict between the US and Iran continues.  Iranian authorities said on Sund
Strait of Hormuz tensions put 20% of global oil at risk as Brent eyes $80. Discover how geopolitical friction and OPEC+ hikes are reshaping the energy forecast.
Barclays' Ajay Rajadhyaksha states oil price spikes from geopolitical tensions have historically been brief, advising focus on longer-dated futures over spot prices. He views copper declines, tied to
Oil prices surged late Sunday with Brent crude briefly hitting $82.37, amid growing fears of Middle East supply disruptions as the Iran conflict escalates.
Crude hasn't hit that level since the start of the war between Russia-Ukraine.
Analysts expect oil prices to remain elevated over the coming days with conflict escalating in the Middle East, as they assess the impact to supplies, especially flows through the Strait of Hormuz, a
Oil price reporting agency S&P Global Platts is suspending bids and offers for price assessments of Middle East refined products that transit the Strait of Hormuz because of shipping disruptions from
Tit-for-tat strikes have raised questions about whether Iran will interfere with tankers hauling oil and fuel through the Strait of Hormuz.
Oil jumped in the early morning Asian session as military strikes by the U.S. and Israel against Iran heighten supply disruption concerns.
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