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Oil Prices Fall Sharply, WTI Trades Near $102 a Barrel

Mar 31, 2026 17:02 UTC

A pumpjack near Three Rivers, Texas, US, on Sunday, March 1, 2026.

  • A pumpjack near Three Rivers, Texas, US, on Sunday, March 1, 2026
  • Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the Strait of Hormuz
  • Photographer: Eddie Seal/Bloomberg

A pumpjack near Three Rivers, Texas, US, on Sunday, March 1, 2026. Oil surged by the most in four years, as the US-Israeli war against Iran plunged the global crude market into turmoil, with the effective closure of the Strait of Hormuz. Photographer: Eddie Seal/Bloomberg

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