Bloomberg · Mar 2, 2026 · Collected from RSS
Hedge funds, banks and insurers rushed to size up their exposure to the Middle East after weekend attacks on Iran fueled chaos across the region.
Oil markets are bracing for sharp price spikes after the US-Israel attacks on Iran and Tehran's retaliation. Iran's role as a major producer matters, but its strategic position is keeping traders on edge.
Oil markets are bracing for sharp price spikes after the US attack on Iran and Tehran's retaliation. Iran's role as a major producer matters, but its strategic position is keeping traders on edge.
Analysts say Iran conflict likely to increase cost of crude by 5-15% when markets reopen on Sunday
Published: 20260301T121500Z
OPEC+ agreed to resume oil production increases next month as a conflict sparked by US-Israeli strikes on Iran threatened to bolster a rally in crude prices.