Article #251974

The Guardian - World News

The Guardian - World News

Title Oil price expected to surge as result of US-Israel strikes on Iran Source The Guardian - World News
Description

Markets around the world could tumble on Monday and motorists are likely to pay more at the pump

The price of oil is expected to soar on Monday while stock markets could tumble as the US-Israel war on Iran rattles investors.

US crude oil is on track to rise by 9% when trading resumes, according to data from the broker IG, after Tehran said on Saturday it had in effect closed the strait of Hormuz, a key oil choke point, reportedly prompting the halt of some oil shipments.

Continue reading...
Link https://www.theguardian.com/business/2026/mar/01/oil-price-surge-iran-us-israel-strikes-markets Published At 2026-03-01 06:48:27 (2 weeks ago)
Created At 2026-03-01 07:04:22 Updated At 2026-03-01 07:40:26