Oil prices poised for sharp surge as Iran moves to close Strait of Hormuz

Nationaldailyng | 02-03-2026 09:33am |

Global oil markets are bracing for a significant price surge as Iran moves to restrict navigation through the Strait of Hormuz following major U.S. and Israeli strikes on Iranian facilities, with analysts warning that crude prices could spike by $5 to $10 per barrel—or even reach $100—when trading resumes. “Should the conflict continue into Sunday,

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