QatarEnergy

A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. (PHOTO: REUTERS/Eli Hartman/File Photo)
Mar 2, 2026

Oil and gas prices surge as Iran conflict disrupts middle east flows

Oil and gas prices jumped sharply due to Israeli and U.S. strikes on Iran, disrupting Middle Eastern oil and gas flows through the Strait of Hormuz.