Oil Surges 6% as Strait of Hormuz Shipping Disruption Roil Markets - Trading Data

NAMPA / Sputnik

2026-03-02

MOSCOW, March 2 (RIA Novosti) - Oil prices jumped 6% on Monday as markets assessed risks of crude supply disruptions following the US-Israeli military operation against Iran, according to trading data. As of 4:45 GMT, the price of Brent futures for May increased by 6.12% from the previous close, reaching $77.33 per barrel. April WTI futures rose by 6.1% to $71.11 per barrel. During the night, Brent had exceeded $81 per barrel. The United State......

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