A bearded male trader working on the floor of the New York Stock Exchange on 2 March 2026. He is sat typing on a keyboard with a look of concentration on his face. He surrounded by screens showing share price movements.

Event Overview

Gas and oil prices soar and shares tumble as crucial shipping lane threatened

Updated 2 months ago

2 articles•2 sources

Summary

Iranian official threatens to "set fire" to any ships passing through the Strait of Hormuz. This cluster currently includes 2 articles from 2 sources.

What This Means

This cluster currently includes 2 articles from 2 sources. Sources in this event include BBC News, Associated Press.

Source Coverage

Left / left-center

Center

Right / right-center

Associated Press

9/10

Center

Factual: very-high · Credibility: high

BBC News

8/10

Lean Left

Factual: high · Credibility: high

Original Reporting (2)

Fishermen work in front of oil tankers south of the Strait of Hormuz Jan. 19, 2012, offshore the town of Ras Al Khaimah in United Arab Emirates. (AP Photo/Kamran Jebreili, File)

Associated Press

Center

3/2/2026

Oil prices rise sharply after attacks in Middle East disrupt global energy supply - AP News

Fishermen work in front of oil tankers south of the Strait of Hormuz Jan. 19, 2012, offshore the town of Ras Al Khaimah in United Arab Emirates. (AP Photo/Kamran Jebreili, File) NEW YORK (AP) — Oil prices rose sharply Monday as U.S. and Israeli attacks on Iran and retaliatory strikes against Israel and U.S. military.

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BBC News

Lean Left

3/3/2026

Gas and oil prices soar and shares tumble as crucial shipping lane threatened

Gas prices have spiked and global stock markets tumbled as the conflict in the Middle East intensified and concerns grew over how long it will last. The UK gas price surged to its highest level for three years on Tuesday, following sharp gains on Monday , while Brent crude oil benchmark briefly rose above $85 a barrel.

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