Israel-Iran War 2026: Oil Surges Past $100, What It Means for Energy Markets and Crypto
Published: March 11, 2026Last Updated: March 11, 2026Reading Time: ~12 minutes Overview On February 28, 2026, the United States and Israel launched a large-scale joint military operation against Iran codenamed "Operation Epic Fury," igniting what analysts have called the most significant Middle East conflict since the 2003 Iraq War. Within days, crude oil prices soared more than 50%, briefly touching $119 per barrel — the highest level since the 2022 Russia-Ukraine war. Iran's Revolutionary Guar