Oil Surges as Iran Conflict Shuts Strait of Hormuz
Oil prices climbed Friday as renewed US-Iran military conflict keeps the Strait of Hormuz closed, threatening global crude supply routes and raising geopolitical risk premiums.
Market context
Iran Us Conflict news
Follow the story. See which markets it affects. Explore the context.
Latest coverage
Recently added · Page 2Gold Plunges to 8-Month Low as Iran Conflict Fuels Oil Surge, Fed Rate Fears
Gold fell to 8-month lows as Iran-U.S. conflict escalates and oil prices surge, fueling Fed rate hike expectations that pressure gold despite ongoing geopolitical risk from Strait of Hormuz tensions.
Brent Crude Soars 55% on Iran Strike; Strait of Hormuz Shutdown Triggers Historic Supply Crisis
US-Israeli strikes on Iran in February 2026 caused Brent crude to surge 55% to $120/barrel as the Strait of Hormuz shut down. Retail traders faced extreme volatility and losses from reactive position…
Brent Crude Soars 50% on Iran War; Rupee Hits Record Low Amid Energy Crisis
Brent crude surged nearly 50% since Iran war erupted on February 28, weakening Indian rupee to record lows. Rising energy prices strain India's external sector, forcing central bank interventions and…
Apple (AAPL), Google (GOOGL), Microsoft (MSFT) Face Sharp Risks as Iran Targets US Tech Firms
Iran's Revolutionary Guards threaten retaliation targeting US companies including Apple, Google, and Microsoft, escalating geopolitical risks and potential operational disruptions from April 1 onward…