Oil jumps 10% on Iran conflict, could spike to $100 a barrel, analysts say

2026-03-01 - 13:13

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes, on June 23, 2025.