U.S. crude oil set to top $70 a barrel when trading begins

[https://www.cnbc.com/2026/03/01/us-iran-live-updates-khamenei-death-trump-gulf-strikes.html](https://www.cnbc.com/2026/03/01/us-iran-live-updates-khamenei-death-trump-gulf-strikes.html) Trump vows to ‘avenge’ the deaths of U.S. service members, says combat operations continue , now we are fighting for revenge ? This is not going to end well if the escalation is halted toot sweet ...... Crude oil prices are expected to jump when trading opens Sunday evening, as market participants fear war between the U.S. and Iran will spiral out of control and lead to a major supply disruption. How the oil market ultimately reacts will depend on whether the war leads to a prolonged disruption to traffic through the Strait of Hormuz, the most important chokepoint in the world for the global oil trade. Rystad Energy forecasts global benchmark Brent **Crude oil futures could spike by $20 when trading opens. Barclays says Brent could potentially hit $100 per barrel. Futures open at 6 p.m. ET.** Other analysts see a more modest jump depending on how the conflict develops. Prices should rise by at least $3 to $5 per barrel when trading starts, said Andy Lipow, president of Lipow Oil Associates. Brent futures closed Friday at $73.21 a barrel, up 20% so far this year. U.S. crude closed at $67.02 per barrel on Friday, having run up 17% so far this year \----------------------------------------------------------------------------------------------------- Higher Oil in March equals higher gas in April and May right before the summer when it goes up anyway and right when refiners are switching over to summer blends , another gas supply shock ........ growth is slow to non-existent and inflation is sticky and/or rising job growth is ...................... just kidding ! **Thank you for your attention to this potential catastrophe !** \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ I will post an edit once US Market Futures open up ..... but i would imagine VOL will be up next several days at least .......... # EDIT : Dow futures drop 500 points as oil prices spike following U.S. attack on Iran: Live updates