General · 1 March 2026
US-Israel strikes trigger oil's 'biggest crisis in decades'
Joint US and Israeli military strikes on Iran on February 28 have severely impacted global energy markets. Energy analysts from Eurasia Group predict a sharp increase in oil prices when markets open. This event has led to one of the biggest crises in decades for the oil market. Should the conflict continue, oil prices are expected to respond with further increases.
Reported by Reuters · How we write briefs