Oil prices keep climbing as expanding conflict heightens supply risks

Oil prices keep climbing as expanding conflict heightens supply risks

Malay Mail Online - Money·2026-03-04 15:00

LONDON, March 3 — Crude oil benchmarks rose about 8 per cent today, soaring for a third session as the US-Israeli conflict with Iran widens, disrupting fuel shipments and heightening fears of further Middle East oil and gas supply disruption.

Brent crude futures were up US$6.05 (RM23.9), or 7.8 per cent, at US$83.79 a barrel by 1143 GMT after touching their highest since July 2024 at US$85.12.

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