empty
 
 

2026.03.0423:49:00UTC+00Oil Rises as US-Iran War Intensifies

WTI crude futures rose nearly 2% to around $76 per barrel on Thursday, extending this week’s gains as tensions between the US and Iran escalated following reports that a US submarine sank an Iranian warship off the coast of Sri Lanka. US Defense Secretary Pete Hegseth characterized the strike as “the first such attack on an enemy since World War II.” The broader US-Israeli campaign against Iran has now entered its sixth day, keeping markets on edge over the risk of further escalation and a protracted conflict. The crisis has effectively halted commercial shipping through the Strait of Hormuz, after the IRGC warned it would “set ablaze” any vessel attempting to transit. Seeking to contain a wider energy shock, President Donald Trump offered risk insurance and naval escorts for commercial vessels operating in the Persian Gulf, while Treasury Secretary Scott Bessent outlined additional measures aimed at stabilizing Gulf markets.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback