# Oil jumps, dollar rallies with gold as conflict grips Middle East | Reuters

> Oil and gas prices surged as the US-Israeli air war against Iran widened and was expected to last for weeks. The dollar and gold also gained as investors sought safe havens.

- Date: 2026-03-01 · published 2026-03-01T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/10713-oil-jumps-dollar-rallies-with-gold-as-conflict-grips-middle-east-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Prolonged conflict threatens to disrupt Middle East energy supply and could reignite inflation, raising fuel, fertilizer and freight costs for feed buyers.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2026-03-02 | 1 | +0.7% | 3.3 | Reports the dollar and gold rallying as the US-Israeli war on Iran widened over the weekend, the immediate catalyst for Monday's move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-10-03 | [Oil jumps over $3 a barrel as Middle East conflict stokes supply worry \| Reuters](https://feedsoft.ai/events/10023-oil-jumps-over-3-a-barrel-as-middle-east-conflict-stokes-supply-worry-reuters.md) | +4.4% | -2.4% |
| WTI | 2026-03-15 | [Oil poised for further gains as Middle East conflict threatens export facilities \| Reuters](https://feedsoft.ai/events/6639-oil-poised-for-further-gains-as-middle-east-conflict-threatens-export.md) | +0.0% | +1.6% |
| WTI | 2025-06-11 | [Oil prices jumps 4% to 2-month high as tensions rise in Middle East \| Reuters](https://feedsoft.ai/events/11156-oil-prices-jumps-4-to-2-month-high-as-tensions-rise-in-middle-east-reuters.md) | +15.2% | +5.8% |
| WTI | 2026-03-03 | [Oil prices jump nearly 5%, settle at highest since January 2025 on Middle East conflict \| Reuters](https://feedsoft.ai/events/5229-oil-prices-jump-nearly-5-settle-at-highest-since-january-2025-on-middle-east.md) | +33.1% | +46.3% |
| WTI | 2026-09-07 | [Oil prices rise to six-week highs on worsening Middle East conflict \| Reuters](https://feedsoft.ai/events/17631-oil-prices-rise-to-six-week-highs-on-worsening-middle-east-conflict-reuters.md) | +9.3% | +3.6% |
| BRENT | 2024-10-03 | [Oil jumps over $3 a barrel as Middle East conflict stokes supply worry \| Reuters](https://feedsoft.ai/events/10023-oil-jumps-over-3-a-barrel-as-middle-east-conflict-stokes-supply-worry-reuters.md) | +3.3% | -2.0% |
| BRENT | 2026-03-01 | [Euro, yen slide as Middle East conflict escalates \| Reuters](https://feedsoft.ai/events/11001-euro-yen-slide-as-middle-east-conflict-escalates-reuters.md) | +31.0% | +62.6% |
| BRENT | 2026-03-15 | [Oil poised for further gains as Middle East conflict threatens export facilities \| Reuters](https://feedsoft.ai/events/6639-oil-poised-for-further-gains-as-middle-east-conflict-threatens-export.md) | +11.7% | +7.3% |

## Sources

- reuters.com: https://www.reuters.com/world/china/global-markets-global-markets-2026-03-01/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.