West Asia Conflict Propels Crude Oil to $85 a Barrel, Shaking Energy Markets

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Crude Oil Soars to $85 Amid West Asia War, Strait of Hormuz Threat

Global energy markets have been upended by the quick spread of the war as Iran sought to retaliate against Israel and states hosting US forces. Reuters

M

Moneycontrol•03-03-2026, 17:10

Crude Oil Soars to $85 Amid West Asia War, Strait of Hormuz Threat

•Crude oil hits $85 per barrel, first time since July 2024, due to escalating West Asia conflict.
•Global energy markets upended as war halts oil and gas transit through key Strait of Hormuz.
•Iran threatens to 'set fire' to ships in Strait of Hormuz; US vows to intensify military campaign.
•China urges safe passage for ships; prolonged disruption could force nations to curb production.

Read Full Article on Moneycontrol in English

✦

More like this

✦

More like this

Representational image (Image: News18)

Crude Oil Futures Soar: Brent Breaches USD 100 Amid West Asia Conflict

Brent crude oil rises to $88 per barrel, the highest level since April 2024

Brent Crude Hits $89, Highest Since April 2024 Amid Middle East Conflict

Oil prices surge 20% on supply fears

Iran War Shocks Oil Markets: Prices Soar 30% Above $118, Global Supply Fears Mount

Representational image (Image: News18)

Crude Oil Futures Soar 26% to Record Rs 10,549 Amid West Asia Crisis

FILE PHOTO: 3D-printed oil pump jacks, Iranian flag, and a rising stock graph appear in this illustration taken March 2, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

Oil Shock Deepens: Crude Tops $103 as Iran Warns Hormuz Won't Return to Normal

Israel Iran War Dubai

Iran's Oil Weapon: Strait of Hormuz Threatens Global Economy, Crude Prices Soar