Published at: 09/03/2026 08:22 AM

Global energy markets have reacted with volatility following the closure of the Strait of Hormuz, a nerve point for world trade. The price of crude oil surpassed the $100 per barrel barrier, driven by the recent escalation of military tensions in the Middle East.

In just three days, the benchmark indicators registered significant increases, reversing the stability of the previous week

The President of the United States (USA) justified the increase as a necessary consequence of the military offensive against Tehran. Through his Truth Social platform, the president described the increase as a “small price to pay”, assuring that costs will stabilize once Iranian nuclear capacity is neutralized.

For his part, the regional response has been one of the highest alert, and Mohammad Baqer Qalibaf, president of the Iranian Parliament, warned of the consequences of a protracted war. “If the conflict spreads, there will be no way to sell oil or physical capacity to produce it throughout the region.”

Instability isn't limited to oil. European natural gas jumped an unprecedented 52% on Monday. This increase responds to Qatar Energy's decision to suspend its liquefied natural gas (LNG) exports, after reports of attacks against critical infrastructure in its reserves.

Mazo News Team