Last mentioned: Mar 1, 2026
Shipping Suspensions
Major oil majors and trading houses halt shipments through the Strait of Hormuz.
Shipping Suspensions
Major oil traders and fuel shippers halt transit through the Strait of Hormuz.
Joint Military Action
U.S. and Israeli forces launch targeted strikes on Iranian leadership positions.
Iranian Retaliation
Tehran responds by launching a series of missiles toward Israeli territory.
US-Israel Strikes
Coordinated military action targets Iranian leadership; Trump cites security threats.
Tehran Retaliation
Iran launches missile strikes toward Israel in response to the leadership attacks.
Pre-Strike Trade
Brent crude closes at $73 per barrel, marking a 20% year-to-date increase.
Market Close
Brent crude finishes the week at $73/barrel, up 20% for the year.
Joint military strikes by the US and Israel on Iranian leadership have triggered a sharp escalation in Middle East tensions, threatening critical energy shipping lanes. Analysts warn that a prolonged conflict could push Brent crude to $100 per barrel, potentially adding nearly 0.7 percentage points to global inflation.
The joint U.S.-Israeli military operation against Iranian leadership has sparked immediate retaliatory missile strikes and disrupted critical energy shipping lanes in the Strait of Hormuz. Analysts warn that a prolonged conflict could drive Brent crude to $100 per barrel, significantly impacting global inflation and financial market stability.