Oil prices surge 20% as expanding US-Israeli war with Iran cuts supplies from Mideast

March 9th 2026
Brent climbed 27% and WTI rose 35.6% last week, before the latest jumps.- After Iraq, Kuwait and UAE may be next to cut oil output on Iran crisis
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- China in talks with Iran to allow safe oil and gas passage through Hormuz
- Mexico’s Gas Dependence Deepens Despite Refining Gains in 2025
- Zhejiang Petrochemical to Shut Refining Unit Amid Middle East Oil Supply Disruptions
- Goldman Sachs raises Q2 Brent oil price forecast by $10 to $76 a barrel
- Qatar declares force majeure, gas supplies to Indian industry cut
- Americas heavy crude prices hit multi-year highs as Iran conflict disrupts oil markets
- Azerbaijan Boosts Gas Supplies to Europe as Southern Gas Corridor Capacity Expands


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