Oil Market News, OPEC+, sanctions and price shocks

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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.

More:

https://www.msn.com/en-us/money/mar...rel-analysts-say/ar-AA1Xj6Hj?ocid=socialshare

 

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Oil climbs in early trading, diesel rising more than crude

Oil rose in early trading late Sunday, but diesel was outstripping gains in crude.

www.freightwaves.com

 

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Oil Shipping Costs Soar as Iran Conflict Chokes Hormuz

A venture that’s taken a dominant position in the global market for oil supertankers is asking for sky-high charter fees to deliver Middle East crude as the Iran war sends rates spiraling upward.

gcaptain.com

Shadow Fleet Surge: Iran Moved Record Crude Before Operation Epic Fury

By Lori Ann LaRocco – Three vessels involved in the transport of sanctioned Iranian oil have been struck in the first 24 hours of Operation Epic Fury. Oil tankers Skylight,...

gcaptain.com

 

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Middle East on fire: Implications for VLGCs

02 Mar 2026: The escalating armed conflict in the Middle East has transformed the shipping sector’s worst nightmare into reality—the “technical” closure of the Strait of Hormuz—on 28 February 2026.

www.drewry.co.uk

 

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US–Iran war: Implications for the crude tanker market

02 Mar 2026: The ongoing US–Iran conflict has severely disrupted maritime traffic through the Strait of Hormuz—a narrow but strategically vital waterway between Oman and Iran that connects crude oil exporters in the Persian Gulf with global markets.

www.drewry.co.uk

 

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Oil supertanker rates hit all-time high as Iran pledges to close the Strait of Hormuz

The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.

www.cnbc.com

 

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European Gas Prices Soar 30% as Qatar Halts LNG Output | OilPrice.com

Following military attacks on operating facilities, Qatar, the world’s second-largest LNG exporter, has ceased production, causing Europe’s benchmark natural gas prices to soar by approximately 70% since Friday's close.

oilprice.com

 

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Gas loadings continue in Iran despite Hormuz halt

Vessels continued loading oil and gas in Iran on Monday as war in the Middle East raged on, although traffic through the Strait of Hormuz has plummeted. However, at least a handful of Iran-trading LPG carriers that arrived at the region since the war began have dropped anchor south of the strait

www.lloydslist.com

 

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From the Arctic to Iran: Gulf Shipping Crisis May Open Door for Russia’s Sanctioned LNG

The escalating armed conflict between the United States, Israel, and Iran has slashed shipping through the Strait of Hormuz, bringing tanker traffic to a halt and shutting down Qatar’s largest facility for liquefied natural gas, raising the prospect that supply disruptions in the Gulf could...

en.highnorthnews.com

 

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The Iran war, diesel fuel, and a tired infrastructure story

America sits on more oil than it can refine. While the Strait of Hormuz burns, the real chokepoint is between the wellhead and the truck stop.

www.freightwaves.com

 

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This is good. Especially if you're into learning how the oil, shipping, shadow banking, dark fleet and outlaw ocean operate.

Ali Shamkhani - Wikipedia

en.wikipedia.org

Hossein Shamkhani - Wikipedia

en.wikipedia.org

https://home.treasury.gov/news/press-releases/sb0215

How a Shadow Oil Empire Helps Iran’s Regime Cling to Power | Bloomberg Investigates​

Mar 4, 2026 #Iran #Oil #Documentary
How did the soft-spoken son of a key adviser to Iranian Supreme Leader Ayatollah Khamenei become a major player in international energy markets?
Bloomberg Investigates goes inside the Iranian shadow fleet, uncovering a sprawling, multibillion-dollar empire dealing in oil and weapons. From Dubai to Russia, this investigation follows the trail of money that has fueled Iran’s Islamic Revolutionary Guard Corps and allowed the regime to maintain its grip on power despite mounting international pressure, and now war.


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VLCC day rates rocket above half‑million dollars - Splash247

Amid soaring tanker rates, a US‑led naval coalition has warned shipping that stationary vessels and ships on predictable routes are “credible” targets for sabotage across the Middle East, after a tanker linked to the Stena‑Sonangol suezmax pool was struck off the Iraqi coast. The Combined...

splash247.com

 

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Oil and gas industry pumps billions into Texas | Morning in America​

Mar 5, 2026 #MorningInAmerica
Southeast Texas is riding a massive energy wave as companies pour billions of dollars into refineries, pipelines and power plants. Oil and natural gas workers are now earning far above the state average, and the industry paid an estimated $27 billion in state and local taxes last year. NewsNation’s Xavier Walton joins “Morning in America” with the latest on this energy boom.


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The Hormuz Shakedown: How Washington is Using Regional Disorder to Re-Engineer the Global Energy Order - EGS Brief 3/26

While the world braces for the immediate shock of $90 oil and a total Qatari LNG cutoff, a more profound transformation is underway, dismantling the old energy order for a new one.

energygeopoliticsandstatecraft.substack.com

 

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The Sky Is The Limit For The Current Oil Price Rally | OilPrice.com

Brent tops $90 as the Strait of Hormuz closure halts Gulf oil flows and Iraq and Kuwait begin cutting output, fueling fears of a sharper price surge.

oilprice.com

 

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Oil surges 35% this week for biggest gain in futures trading history dating back to 1983

The oil market is worried that Gulf countries will have to shut production if tankers are unable to pass through the Strait of Hormuz.

www.cnbc.com

 

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DYODD here.

The $300,000 Question Nobody in Washington Can Answer - The Ron Paul Institute for Peace & Prosperity

LNG shipping rates have gone from $40,000 to $300,000 per day — a 650% vertical climb in less than a week — and the men who ordered the strikes that caused this are still strutting around the Oval Office talking about “strength.” That is not strength. That is the economics…

ronpaulinstitute.org

 

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Oil surges above $100 as Gulf states cut back production; WTI nearly touched $120 a barrel at high

Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz

www.cnbc.com

 

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EU Buys 100% of Russian Arctic LNG Just 9 Months Before Planned Gas Ban

Just nine months before a full European Union ban on Russian liquefied natural gas (LNG) is scheduled to take effect, EU buyers purchased every cargo from Russia’s Yamal LNG project in February, highlighting a stark disconnect between policy intentions and market realities.

gcaptain.com

 

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[Goldhedge]

The City of London controls the price of oil

 

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