Markets
March 4, 2026
Strait of Hormuz Closure and Rumaila Shutdown Spark Fears of $100 Oil, $4 Gas
The Strait of Hormuz closed to tanker traffic, and this has sent oil prices surging nearly 10% to $77.98 a barrel, the highest since U.S. and Israeli strikes on Iranian nuclear sites in June. Gas prices rising at the pump could get a lot worse, with analysts warning crude could hit $100 and gasoline could […]
