The U.S.-Israel attack on Iran will have immediate effects on all of us. Crude oil prices jumped in futures trading Sunday evening, March 1. Brent crude, the global benchmark, surged more than 10% in early trading,

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After lots of saber-rattling in recent weeks, the U.S. and Israel launched military strikes against Iran over the weekend. The escalating conflict could significantly impact the oil market. Several analysts are predicting that oil prices could surge to $100 a barrel following the attacks (oil was in the low-$70s before the strikes).

April WTI crude oil (CLJ26) today is up +0.54 (+0.81%), and April RBOB gasoline (RBJ26) is up +0.0161 (+0.72%). Crude oil and gasoline prices are moving higher today, with crude climbing to a 6.5-month high.

At 9.25 am on Monday, May Brent oil futures were at $77.12, up by 5.83%, and April crude oil futures on WTI (West Texas Intermediate) were at $70.71, up by 5.51%

Oil markets are set to open significantly higher following US and Israeli attacks on Iran. Global LNG markets are also facing significant supply risks due to this weekend’s action.

April WTI crude oil (CLJ26) on Thursday closed down -0.21 (-0.32%), and April RBOB gasoline (RBJ26) closed up +0.0079 (+0.35%). Crude oil and gasoline prices settled mixed on Thursday in volatile trade,

A complaint has been filed in the U.S. District Court for the District of Columbia seeking to forfeit the Motor Tanker Skipper – a crude oil tanker seized by the United States on the high seas in December 2025 – and approximately 1.

Select an option below to continue reading this premium story. Already a Honolulu Star-Advertiser subscriber? Log in now to continue reading. Once formed, petroleum does not stay put. It slowly seeps upward through tiny pores and cracks in rock, like syrup ...