Wednesday, March 4, 2026
Citi examines oil supply disruptions and crude prices as Israel-Iran air war rages- oil and gas 360

Citi examines oil supply disruptions and crude prices as Israel-Iran air war rages

(Investing)– Fears over possible supply constraints from the Israel-Iran conflict have driven oil prices higher in recent days, although past disruptions do not suggest that crude will stay elevated for a long time, according to analysts at Citigroup (NYSE:C). Brent crude futures slumped on Friday following the White House’s comments, although the contract is on course to rise for a third

Two oil tankers collide, catch fire near Strait of Hormuz- oil and gas 360

Two oil tankers collide, catch fire near Strait of Hormuz

(Investing) – DUBAI/COPENHAGEN – Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew or spillage reported. With Iran and Israel firing missiles at each other since Friday, interference has disrupted navigation systems near the vital waterway between Iran