Business · 1 March 2026

US-Israel strikes trigger oil's 'biggest crisis in decades'

Photo by Muhammed Zafer Yahsi on Unsplash

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.

By BriefTea Editorial · 1 March 2026 at 10:16

Reported by Reuters · How we write briefs

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