US-Israel Strikes on Iran Propel Oil Prices Higher, Strait of Hormuz Closure Looms – 02/03/2026, 15:43
1. Escalating US-Israel Strikes on Iran Trigger Oil Price Surge and Strait of Hormuz Closure Joint US and Israeli airstrikes on Iran, initiated over the weekend, have killed over 40 high-ranking Iranian officials, including Supreme Leader Ali Khamenei, prompting Iranian retaliation with missile strikes on US allies like…