Oil jumps 10% on Iran conflict and could spike to $100 US a barrel, analysts say

2026-03-02 - 01:43

Brent crude jumped 10 per cent to about $80 US a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 US after U.S. and Israeli strikes on Iran plunged the Middle East into ​a new war.