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Latest Breaking News

Joe Cool

(1,081 posts) Sun Mar 1, 2026, 06:22 PM Sunday

U.S. crude oil jumps more than 7%, topping $72 a barrel on fears of Iran supply disruption [View all]

Source: CNBC

Tanker traffic through the Strait of Hormuz has effectively come to a stop as shipping companies take precautionary measures, analysts said.

About a third of the world’s seaborne oil exports passed through the Strait in 2025.

President Donald Trump said Sunday that combat operations in Iran will continue until all U.S. objectives have been met.

Read more: https://www.cnbc.com/2026/03/01/crude-oil-futures-iran.html

11 replies

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Highlight:

U.S. crude oil jumps more than 7%, topping $72 a barrel on fears of Iran supply disruption [View all] Joe Cool Sunday OP

Brent crude at $77/barrel UpInArms Sunday #1

Glad I filled up yesterday, now if only I can not drive for a few months. mdbl Sunday #2

That, and the increasing turning away from trade with the US due to tariffs . . . Aussie105 Sunday #3

I'm curious to watch how fast this gets to a gas station near you. DJ Synikus Makisimus Sunday #4

Time go go with the EV EndlessMaze Sunday #5

Higher prices coming soon to gas pump near you, Trumpkins BeyondGeography Sunday #6

dow jones futures down 550 moonshinegnomie Sunday #7

"until all U.S. objectives are met" ? What objectives would those be? pat_k Sunday #8

Why "THANK YOU" President Trump". That was so kind of you. Just what we needed to go along with your tariffs. Fla Dem Sunday #9

And how much more will the oil that we are stealing @ gun point from Venezuela will now be worth? Botany Yesterday #11

"Higher prices coming soon to gas pump near you, Trumpkins" J_William_Ryan Sunday #10