General Discussion

https://www.theguardian.com/world/2026/mar/02/oil-prices-iran-war-strait-of-hormuz-shipping

"Oil prices rose and stock markets came under pressure on Monday after intense US-Israeli strikes on Iran prompted fears of significant global economic disruption.

Brent crude jumped by as much as 13% during early trading – to hit $82 a barrel, a 14-month high – as the effective closure of the strait of Hormuz, one of the most important arteries for global trade, intensified concerns over oil supplies.

Markets fell in Europe, with London’s FTSE 100 down 1% to 10,798 points. Airlines IAG, the parent company of British Airways, and easyJet were among the worst performers, as thousands of flights were cancelled, down nearly 10% and 7%, respectively.

However, the surge in the crude price pushed shares in oil companies Shell and BP up by about 6%. Shares in the weapons manufacturer BAE Systems jumped by 7% as investors piled into defence stocks.".... (more)