Iran Crisis: Oil Spikes, Trump Says Iran Attacks May Last Weeks | The Opening Trade 3/2/2026

Oil surged the most in four years as traders gauged the impact of the effective closure of the Strait of Hormuz triggered by US and Israeli strikes against Iran, with hostilities escalating across the region. Global benchmark Brent was more than 9% higher near $80 a barrel, after earlier rallying b...

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