6 Days of the US-Israel War Against Iran, Crude Oil Prices Rise by 18%

Adi Ahdiat 06/03/2026 11:24 WIB

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During the six-day US-Israeli war against Iran, from February 28 to March 5, 2026, the price of Brent crude oil rose by 18%.

The price of Brent crude oil (February 5 - March 5, 2026)

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The price of Brent crude oil (February 5 - March 5, 2026)

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The United States (US) and Israel attacked Iran on February 28, 2026, over allegations that Iran was developing a nuclear program that threatened the US and its allies.

Iran then launched a counterattack against Israel and US military bases scattered across the Middle East, and the war has continued to this day.

After the outbreak of the war, energy commodity prices rose, especially oil.

According to Investing.com data, on the day before the war, February 27, 2026, the price of Brent crude oil was still US$72.48/barrel.

Then, by the sixth day of the war, March 5, 2026, the price of Brent crude oil had risen by 18% to US$85.41/barrel.

Compared to the previous month, the price was 26% higher (month-to-month).

The surge in oil prices was partly influenced by the US-Israel war against Iran, which disrupted oil shipments in the Strait of Hormuz.

"The sheer volume of oil that is exported via the Strait of Hormuz, and the limited options to bypass it, means that any disruption to flows would have huge consequences for world oil markets," said the International Energy Agency (IEA) in its Strait of Hormuz Factsheet (February 2026).

"A significant spike in oil prices would be inevitable and physical shortages would quickly develop if the disruption were to be prolonged," they said.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."