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Oil and Gasoline Prices Spike as War Disrupts Shipments
Bloomberg
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Published about 6 hours ago

Oil and Gasoline Prices Spike as War Disrupts Shipments

Bloomberg · Mar 2, 2026 · Collected from RSS

Summary

Ellen Wald, President of Transversal Consulting, talks about the impact of the Iran war on oil markets. Benchmark diesel futures rose by 23%, oil surged the most in four years, and European natural gas prices soared. Tanker traffic through the Strait of Hormuz has effectively stopped. (Source: Bloomberg)

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