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Iran War May Send Oil to $100 a Barrel
A motorboat cruises along the shore off the town of Al Jeer on the Strait of Hormuz in the northern emirate of Ras Al Khaimah, with a tanker seen in the background, Feb. 25, 2026. (Fadel Senna/Getty Images)
Global oil markets are bracing for sharp turbulence after the United States confirmed it has launched "major combat operations" in Iran, raising fears of supply disruptions and sending war-risk insurance costs soaring for vessels transiting the Strait of Hormuz. [Full Story]
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