Oil Jumps as War Risks Intensify
Brent and WTI rallied sharply with traders pricing in prolonged conflict and supply risk.
Brent and WTI rallied sharply with traders pricing in prolonged conflict and supply risk.
Executives from oil and gas firms have revealed where they expect the WTI crude oil price to be at various points in the future in the first quarter Dallas Fed Energy Survey.
Treasury Secretary Scott Bessent said a U.S. insurance program meant to boost shipping through the Strait of Hormuz will begin soon.
'The marked escalation in the U.S.-Iran conflict over the past week puts all energy assets and infrastructure in the region at risk', Standard Chartered Bank Energy Research Head Emily Ashford warned.
Iran has likely earned hundreds of millions of dollars of extra income from oil sales since the start of the war.
Oil surged as uncertainty over Iran talks and Strait of Hormuz disruptions intensified supply concerns.
The Iran war was highlighted by several exploration and production companies in the 'comments' section of the first quarter 2026 Dallas Fed Energy Survey.
Rigzone talks to several analysts.
'The floor has moved up, so has the ceiling', Rystad Energy said.
Traders pulled back amid volatile swings tied to conflicting war and diplomacy developments.