Oil Prices Skyrocket Over 40% in 15 Days Amid US-Israel-Iran Conflict

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Crude Oil Prices Soar 40% Amid US-Israel-Iran Conflict, Strait of Hormuz Disrupted

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News18•14-03-2026, 10:30

Crude Oil Prices Soar 40% Amid US-Israel-Iran Conflict, Strait of Hormuz Disrupted

•Crude oil prices surged over 40% in 15 days, from $73 to $103 per barrel, since the US-Israel-Iran conflict began on February 28.
•The conflict, which saw US-Israel forces attack Iranian assets and kill Ayatollah Ali Khamenei, disrupted energy supply routes.
•The Strait of Hormuz, a critical energy chokepoint, is central to global oil transportation, affecting markets, especially in Asia.
•Market experts, including Ponmudi R of Enrich Money, predict high volatility due to geopolitical developments.
•Prolonged disruption in the Strait of Hormuz could tighten global oil supplies and impact inflation in Asia.

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