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US-Israeli war on Iran causes major oil, gas disruptions - Reuters

US-Israeli war on Iran causes major oil, gas disruptions - Reuters

US-Israeli war on Iran causes major oil, gas disruptions Reuters

March 3, 2026 at 04:32 PM Original source
2 agencies covered this story

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Notable Quotes

"It's a really supply-and-demand, simple economics equation."

— Kelly O'Grady , Other

"Remember, Iran's revenue mainly comes from the oil that it is willing to sell to countries like China that will buy that sanctioned oil."

— Kelly O'Grady , Other

Key People

K
Kelly O'GradyOther

CBS News MoneyWatch correspondent and co-host of CBS Saturday Morning.

Locations

Algeria Bahrain China Hormuz, Iran Iran Iraq Israel Kazakhstan Kuwait Oman Qatar Saudi Arabia UAE United States

Tags

disruptions energy supply gas gas disruptions global trade Iran iran conflict israel oil oil disruptions oil prices opec+ strait of hormuz US war

All Coverage

US-Israeli war on Iran causes major oil, gas disruptions - Reuters
Reutersvia rss

<a href="https://news.google.com/rss/articles/CBMipwFBVV95cUxQY3hNMTZxNEF0cHJ3LXRtT0xoWDB6T3NaRjhjdDNPQ083RmpsMkpOcUtGQ1ljMkFiT1BvWFk0RWhxWXFCWnJlNk9RdHpiMlpMSkFqUGJsOGkzdFl3SVVtcTA3QVFnVDJEanFqcDBUcUJFVlhJc0RfR3FWeGo1X0VJX0h5c3p1Z09EcXZ5WnZQSTFGdS1KT29WWXowRDdMNzU3cDZsQVVnMA?oc=5" target="_blank">US-Israeli war on Iran causes major oil, gas disruptions</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

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Oil prices rise sharply in market trading after U.S.-Iran attacks disrupt global supply
CBS Newsvia ai 2 quotes 1 person

U.S. and Israeli attacks on Iran and retaliatory strikes have disrupted the global energy supply chain, leading to a sharp rise in oil prices.

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