US, Israel attack Iran in a joint operation: What does it mean for the global oil market?

Feb 28, 2026 - 06:15
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US, Israel attack Iran in a joint operation: What does it mean for the global oil market?
The US and Israel launched strikes on Iran, raising risks to global oil supplies. Iran produces 3.3 million barrels daily and controls access to the Strait of Hormuz, a key oil route. Companies have paused shipments, heightening fears of disruption and rising crude prices.

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