Oil surges as US-Israel war with Iran halts Gulf exports - Mar 3, 2026

Prysmian Daily News Update · Mar 3, 2026 · 2m

As of March 3, today's news sees the escalating conflict in the Middle East, particularly the ongoing U.S.-Israeli war against Iran, which has dramatically spiked global energy prices and heightened inflation concerns. Global oil and gas prices jumped today as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq. Meanwhile, stock prices continued to plunge as the ramifications of the heightened conflict and energy price hikes weighed heavily…