WTI Crude Oil Price Climbs Amid Supply Concerns & Geopolitical Tensions

By Drift Striker · March 3, 2026

Oil markets are reacting sharply to escalating geopolitical tensions in the Middle East and mounting supply concerns. On March 2, 2026, West Texas Intermediate (WTI) crude surged approximately 8.6%, reaching $72.79 per barrel, as U.S. and Israeli strikes on Iran disrupted vital energy transit routes, notably the Strait of Hormuz . This dramatic move underscores… The post WTI Crude Oil Price Climbs Amid Supply Concerns & Geopolitical Tensions appeared first on The Daily Coins.