U.S. crude oil jumps more than 8%, topping $72 a barrel on fears of Iran supply disruption
2026-03-02 09:58:17 source：CNBC
March 1, 2026
Crude oil prices jumped more than 8% Sunday evening, as market participants fear war between the U.S. and Iran will spiral out of control and lead to a major supply disruption.
U.S. crude oil rose more than 8%, or $5.55, to $72.57 per barrel by 6:41 p.m. ET. Global benchmark Brent jumped about 9%, or $6.54, to $79.41.
The massive wave of airstrikes launched by the U.S. and Israel against Iran have killed Supreme Leader Ayatollah Ali Khamenei and other top officials in the Islamic Republic. See the latest developments here.
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