# Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say | Reuters

> Oil futures rallied this year to $73 a barrel on Friday, their highest since July, amid growing concern over potential attacks. Analysts said prices could spike to $100 a barrel if the conflict with Iran escalated. Futures trading was closed over the weekend.

- Date: 2026-03-01 · published 2026-03-01T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/8002-oil-jumps-10-on-iran-conflict-and-could-spike-to-100-a-barrel-analysts-say
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Heightened threat of supply disruption from the Middle East raises crude costs, which feed into diesel and fuel expenses for feed mills and transport and can lift energy-linked grain and oilseed prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-03-02 | 1 | +8.3% | 4.0 | Pre-move context: oil rallied into the weekend with analysts warning of a spike if the conflict escalated, which then materialized on the Monday open. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-03-06 | [Iran conflict boosts US Gulf oil prices to highest since 2020 \| Reuters](https://feedsoft.ai/events/5575-iran-conflict-boosts-us-gulf-oil-prices-to-highest-since-2020-reuters.md) | +16.6% | +35.6% |
| BRENT | 2026-03-05 | [Oil settles up around 5% on supply concerns as Iran conflict widens \| Reuters](https://feedsoft.ai/events/5232-oil-settles-up-around-5-on-supply-concerns-as-iran-conflict-widens-reuters.md) | +12.3% | +35.0% |
| BRENT | 2019-06-21 | [U.S. oil soars 10% in week on fears of U.S.-Iran conflict](https://feedsoft.ai/events/12313-u-s-oil-soars-10-in-week-on-fears-of-u-s-iran-conflict.md) | +2.7% | -5.6% |
| BRENT | 2020-01-03 | [Oil prices jump after U.S. air strike kills top Iranian commander \| Reuters](https://feedsoft.ai/events/55265-oil-prices-jump-after-u-s-air-strike-kills-top-iranian-commander-reuters.md) | -1.0% | -13.0% |
| 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 | 2026-03-06 | [Iran conflict boosts US Gulf oil prices to highest since 2020 \| Reuters](https://feedsoft.ai/events/5575-iran-conflict-boosts-us-gulf-oil-prices-to-highest-since-2020-reuters.md) | +18.2% | +39.2% |
| WTI | 2026-03-05 | [Oil settles up around 5% on supply concerns as Iran conflict widens \| Reuters](https://feedsoft.ai/events/5232-oil-settles-up-around-5-on-supply-concerns-as-iran-conflict-widens-reuters.md) | +16.5% | +35.8% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-jumps-10-iran-conflict-could-spike-100-barrel-analysts-say-2026-03-01/

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