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

IRAN-ISRAEL

The OPEC+ group of oil producers agreed on Sunday (Mar 1) to raise output by 206,000 barrels per day from April, representing less than 0.2 per cent of global demand. LONDON: Brent crude jumped 10 per cent to about US$80 a barrel over the counter on Sunday (Mar 1), oil traders said, while analysts predicted that prices could climb as high as US$100 after United States and Israeli strikes on Iran plunged the Middle East into a new war. The global oil benchmark has rallied this year and reached

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Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say https://www.channelnewsasia.com - 01.03.2026 23:45
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