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Oil Prices 28 February 2026 - 2 March 2026

Chevron stock jumps in premarket as oil spikes on Hormuz disruption, Middle East strikes

Chevron stock jumps in premarket as oil spikes on Hormuz disruption, Middle East strikes

Chevron shares rose about 4% in U.S. premarket trading Monday after drone strikes shut Saudi Aramco’s Ras Tanura refinery and halted Chevron’s Leviathan gas field in Israel. Brent crude spiked as much as 13% before easing. Attacks disrupted shipping near the Strait of Hormuz, raising supply fears. OPEC+ plans a modest output increase from April.
2 March 2026
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IAG share price slides as oil jumps and British Airways cancels Middle East flights

IAG share price slides as oil jumps and British Airways cancels Middle East flights

IAG shares fell 6.8% to 395 pence Monday as travel stocks dropped on surging oil prices and Middle East disruption. British Airways canceled several Middle East flights and offered rebooking or refunds. IAG’s €500 million share buyback begins Monday and runs through May 29. About 14.4 million IAG shares traded as the STOXX 600 lost 1.8% and oil jumped up to 13%.
2 March 2026
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Shell share price in focus as oil jumps on Hormuz disruption ahead of London open

Shell share price in focus as oil jumps on Hormuz disruption ahead of London open

Shell shares closed Friday at 3,073.5 pence, up 1.6% and near a 52-week high, ahead of Monday’s London open. Brent crude surged up to 13% after attacks disrupted shipping in the Strait of Hormuz, with over 200 vessels anchored outside the route. OPEC+ agreed to raise April output by 206,000 bpd, but analysts say prices hinge on Gulf developments and shipping flows. FTSE futures fell 0.6% in early trading.
2 March 2026
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Qantas share price slides on Iran conflict and oil spike — what investors watch next

Qantas share price slides on Iran conflict and oil spike — what investors watch next

Qantas shares closed down 5.4% at A$9.41 after Brent crude surged up to 13% in early Asian trade amid fears of wider U.S.-Iran conflict. Airline stocks across the region fell as Middle East airspace closures forced rerouting and cancellations. Qantas will trade ex-dividend on March 10, with payment due April 15. The S&P/ASX 200 ended up 0.03%, led by energy and gold stocks.
2 March 2026
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Oil prices brace for a volatile week after Iran strikes: Hormuz disruption and OPEC+ output move in focus

Oil prices brace for a volatile week after Iran strikes: Hormuz disruption and OPEC+ output move in focus

OPEC+ agreed to raise oil output by 206,000 barrels per day as tanker operators paused or rerouted shipments after Iran warned the Strait of Hormuz was closed. Major Japanese shipping lines halted transits in the area. Oil markets are closed until Monday, when traders expect sharp price moves. No confirmed damage to infrastructure, but tanker rates have surged.
1 March 2026
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Before Wall Street opens Monday: Iran strikes, oil-supply fears and the U.S. jobs report

Before Wall Street opens Monday: Iran strikes, oil-supply fears and the U.S. jobs report

Wall Street closed out February with the Dow down 1.05%, S&P 500 off 0.43%, and Nasdaq down 0.92%, marking their steepest monthly drops since March 2025. Oil shipments through the Strait of Hormuz stalled after U.S.-Israel strikes killed Iran’s Supreme Leader, prompting Iranian missile retaliation. OPEC+ agreed in principle to raise output by 206,000 barrels per day, but traders remain focused on supply risks.
1 March 2026
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SET Index week ahead: Thai stocks brace for oil shock, dividends and a short trading week

SET Index week ahead: Thai stocks brace for oil shock, dividends and a short trading week

Thailand’s SET Index closed Friday at 1,528.26, down 0.35%, with turnover at 104.31 billion baht. Oil and travel stocks drew attention after U.S.-Israeli strikes on Iran disrupted shipping through the Strait of Hormuz. The market is closed March 3, with volatility expected when trading resumes. The baht traded at 31.0580 per U.S. dollar, little changed from the previous day.
1 March 2026
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IBEX 35 week ahead: Oil shock risk, Santander jitters and fresh data in focus on Spain’s BME

IBEX 35 week ahead: Oil shock risk, Santander jitters and fresh data in focus on Spain’s BME

Spanish stocks reopen Monday after U.S. and Israeli strikes on Iran raised supply fears and pushed Brent oil toward $100. The IBEX 35 last closed down 0.73% at 18,360.80, with banks under pressure after Santander fell 2.8% on UK credit worries. Acciona Energia proposed a 93% dividend cut and flagged 2 billion euros in asset sales. Amadeus beat earnings forecasts and approved a 500 million euro buyback.
1 March 2026
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ASX Week Ahead: Record-high ASX 200 faces GDP, trade tests as global oil risk hangs over markets

ASX Week Ahead: Record-high ASX 200 faces GDP, trade tests as global oil risk hangs over markets

The S&P/ASX 200 closed at a record 9,198.6 on Friday, up 0.25%, led by gains in miners and rare earths. Coles and Woolworths slipped after results, while Block jumped and Bapcor fell on a capital raising. Investors await key economic data next week, including GDP and housing approvals. Offshore, global stocks dipped and oil prices rose on Middle East concerns.
1 March 2026
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FTSE 100 record close meets Iran-oil risk: what could move London stocks this week

FTSE 100 record close meets Iran-oil risk: what could move London stocks this week

The FTSE 100 closed Friday at a record 10,910.55, up 0.6%, marking its third straight all-time high. U.S.-Israeli strikes killed Iran’s Supreme Leader, prompting some oil shipments to pause and Brent crude to hit $73. OPEC+ meets Sunday to discuss a possible April output hike. UK earnings and U.S. payrolls data are expected to influence rate expectations this week.
1 March 2026
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Wall Street week ahead: Iran strikes, oil risk and jobs report loom for S&P 500, Dow

Wall Street week ahead: Iran strikes, oil risk and jobs report loom for S&P 500, Dow

U.S.-Israeli strikes killed Iran’s Supreme Leader Ayatollah Ali Khamenei, prompting Tehran to close the Strait of Hormuz and halt tanker traffic, according to Reuters. The S&P 500 fell 0.4% to 6,878.88 Friday, capping its weakest month since March 2025. Oil settled at $72.48 a barrel as traders braced for supply disruptions. OPEC+ members meet Sunday to discuss possible output increases.
1 March 2026
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GE Aerospace stock price: what to watch on NYSE:GE after Iran strikes rattle oil and supply chains

GE Aerospace stock price: what to watch on NYSE:GE after Iran strikes rattle oil and supply chains

GE Aerospace shares rose 0.4% to $342.26 Friday, near recent highs, as U.S.-Israeli strikes on Iran pushed oil prices up and led several tanker owners to suspend shipments through the Strait of Hormuz. Wall Street fell, with the S&P 500 down 0.43% and Brent crude up 2.45% to $72.48. Airlines canceled flights across the Middle East. Melrose Industries warned supply bottlenecks and tariffs could constrain aerospace output in 2026.
28 February 2026
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Stock Market Today

  • SpaceX Revenue Dependency on U.S. Government Highlights Business Fragility Ahead of 2026 IPO
    May 23, 2026, 8:00 AM EDT. SpaceX's pre-IPO filings reveal that 20.9% of its projected 2025 revenue-about $4 billion-comes from the U.S. government, a single volatile customer. This concentration poses significant contract risk, as government agreements can be terminated or altered with little notice, impacted by shifting political priorities and federal spending cuts amid a $1.77 trillion deficit. Compliance requirements add further vulnerability, with potential penalties or exclusion from future contracts. While SpaceX boasts a $28.4 billion backlog and growth drivers like Starlink and reusable launches, the heavy reliance on federal contracts injects fragility into its business model ahead of its $75 billion Nasdaq IPO planned for June 2026.

Latest articles

Gold Price Near $4,830 Faces Monday Test After Hormuz Reversal Revives Safe-Haven Risk

Gold Watch: $4,500 Level in Focus for Next Move

23 May 2026
Gold ended Friday at $4,508.50 an ounce, down 0.74% for the day and logging a second weekly drop as renewed Fed rate-hike bets and oil-driven inflation fears weighed on prices. Spot silver fell 1.52%, platinum 2.49%, and palladium 2.98%. U.S. markets face a holiday-shortened week ahead, with Memorial Day closures on Monday. Physical demand in India and China remained weak amid Fed anxiety and a strong dollar.
XRP ETFs Hit $1.53 Billion as Bitwise Pulls Ahead, but the Chart Has a Catch

XRP in Focus After Weekend Pullback; Traders Watch $1.30 as ETF Flows Stay Strong

23 May 2026
XRP dropped to $1.31 Saturday, down 3.9% in 24 hours and 7.4% over seven days, underperforming the broader crypto market. Trading volume reached $2.16 billion, with a market value near $81 billion. U.S. equity and listed crypto products will remain closed for Memorial Day on May 25. The SEC’s case against Ripple Labs ended in August 2025 with a $125 million fine and an injunction on institutional XRP sales.
Bitcoin Price Today Slips Below $70,000 as CPI Looms and Iran Risks Keep Traders on Edge

Bitcoin could test $75,000 as markets look ahead to Wall Street reopening

23 May 2026
Bitcoin fell to $74,594 on Saturday, down 3.3% after U.S. spot bitcoin ETFs saw five straight days of outflows. Ether dropped 4.3% to $2,026.64. The decline came as U.S. markets closed for the holiday weekend and bond yields hit multi-year highs. Coinbase shares closed Friday at $184.99, down 4.4%.
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