Oil prices surge 13% after Iran strikes shut down Strait of Hormuz traffic. Exxon Mobil and Chevron stocks rise on expectations of higher crude prices.

Expect short-term disruption and uncertainty, analysts say. But unless there's prolonged conflict, markets should settle down relatively quickly.

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,

How much of India’s crude oil, petrol and LPG depends on the Strait of Hormuz? A data-backed explainer on India’s energy imports, risks and fuel price impact.