RE: Israel and USA28 Feb 2026 08:22
Oil Markets Brace for Volatility As U.S.-Israel Launch Strikes Across Iran
By Michael Kern - Feb 28, 2026, 1:17 AM CST
The United States and Israel launched a massive, coordinated military strike across Iran, including the capital of Tehran, marking a major escalation in the regional conflict.
The attack, which included strikes on cities like Isfahan and Qom, led Israel to declare a state of emergency and close its airspace.
Analysts expect significant volatility and a sharp "war premium" to be priced into crude oil when markets open, as the Strait of Hormuz, a vital chokepoint for 20 percent of the world's oil supply, is now considered a war zone.