Oil gained for a second day as the US and Israel stepped up attacks against Iran and the sprawling conflict’s impact on Persian Gulf energy assets deepened.
Oil gained for a second day as the US and Israel stepped up attacks against Iran and the sprawling conflict’s impact on Persian Gulf energy assets deepened.
Fuel storage tanks at the Sunoco LP Terminal in Crockett, California, US, on Sunday, March 1, 2026. Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the critical Strait of Hormuz.
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