Oil prices surge as Strait of Hormuz tanker disruptions rattle global supply

Associated Press - March 2, 2026

Oil prices surge as Strait of Hormuz tanker disruptions rattle global supply

European natural gas futures are spiking 42% in the wake of the shutdown of a major supplier of ship-born gas due to the fighting in the Middle East. The futures contract for April delivery shot up to 45.46 euros ($53.26) on the ICE commodities exchange. The …

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