Oil rally builds as ‘staggering’ West Asia War jolts energy

In world
Mar 03, 2026, 10:03 AM
By Bloomberg
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Global benchmark Brent rose above $80 a barrel, after spiking about 7% on Monday, while West Texas Intermediate was near $73

Oil extended gains as the US and Israel stepped up their war against Iran, while Tehran vowed a full closure of the Strait of Hormuz and hit the American embassy in Riyadh with drones. Global benchm… [+5561 chars]

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Oil rally builds as ‘staggering’ West Asia War jolts energy

Global benchmark Brent rose above $80 a barrel, after spiking about 7% on Monday, while West Texas Intermediate was near $73

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