OilPrices
Geopolitical Shockwaves: Oil Prices Surge as U.S.-Israel Conflict with Iran Ignites Global Energy Fears
The global energy landscape shifted violently on March 2, 2026, as oil prices staged a massive rally following the outbreak of direct military hostilities between a U.S.-Israeli coalition and Iran. Brent Crude, the international benchmark, surged 8% to settle at $78.70 per barrel, while West Texas Intermediate