Hundreds of ships drop anchor in Middle East Gulf, data shows

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

LONDON, March 1 (Reuters) - Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli strikes on Iran plunged the Middle East into a new war.

"While the military attacks are themselves supportive for oil prices, the key factor here is the closing of the Strait of Hormuz," said Ajay Parmar, director of energy and refining at ICIS.

Source: https://www.reuters.com/business/energy/oil-jumps-10-iran-conflict-could-spike-100-barrel-analysts-say-2026-03-01/

The only thing surging more is Epstein Idi Amin “I did that.” stickers.