Oil prices surge, cross $80 after US-Iran conflict engulfs Middle East, Strait of Hormuz
- Posted on March 1, 2026
- By Google News
- 4 Views
Oil prices surge, cross $80 after US-Iran conflict engulfs Middle East, Strait of Hormuz
Oil prices jumped 13% to cross $80 per barrel for the first time since 2024 as traders began rapidly pricing in major disruption to oil flows through the Middle East.