U.S. crude oil jumps more than 7% on fears of Iran supply disruption

It is unclear who will ultimately govern Iran, the fourth-largest oil producer in OPEC, after U.S.-Israel strikes killed Ayatollah Ali Khamenei.

Here’s where traders expect crude-oil prices to open after this weekend’s attack on Iran

Crude-oil markets won’t officially open for a few more hours, but traders are already using prediction markets like Kalshi to take bets on where prices will settle on Monday.
WPEC CBS 12

AAA warns oil surge could jack up Florida gas prices

Florida gas prices could see new fluctuations this week as crude oil prices jumped significantly when trading opened overnight on Sunday, according to AAA.
Mathrubhumi English

Crude oil prices jump over 7% as Israel–Iran war tensions shake global markets

Oil prices soared over 7% amid escalating Israel–Iran conflict and fears of Strait of Hormuz disruption. Analysts warn of rising inflation risks and pressure on India’s economy.

Oil surges and stock futures sink after war in Iran disrupts crude supply

Oil futures surged in the first trades since the United States and Israel launched strikes against Iran over the weekend.

All eyes on oil: India braces for crude blow from Iran strike, scouts for options

With the Strait of Hormuz closure impacting 54% of India's LNG and crude imports, the government is exploring new supply routes.

What is the strait of Hormuz and why is it crucial for oil supplies?

Effective closure of the narrow waterway could spell trouble for many developed economies