ALBAWABA- Global oil markets surged on March 1, 2026, as Brent crude futures jumped 15% to $84.95 per barrel and West Texas Intermediate (WTI) climbed 14.8% to $81.20, marking the largest single-day gains since the 2022 Ukraine crisis. The spike comes amid escalating U.S.-Israel-Iran hostilities and fears of supply disruptions through the Strait of Hormuz, a critical chokepoint handling roughly 20% of global oil flows. Traders cited Iran’s retaliatory missile ...