Brent & WTI Crude — Feb 24 to Mar 10, 2026
Tap any point · Shaded = active conflict · WTI spike on Mar 9 reflects $119.48 overnight high
Feb 24
Trump State of the Union
Trump boasts of gas below $2.30/gal. National average ~$2.92. Oil market stable, Brent near 4-month lows.
Brent $70.77 · WTI $67.50
Feb 28 — Operation Epic Fury
? U.S.-Israeli Strikes on Iran Begin
Joint airstrikes hit Iranian leadership and military infrastructure. Supreme Leader Khamenei killed. Oil surges 8% overnight.
Brent: ~$78 · WTI: ~$74
Mar 1–2 — Days 2–3
? Strait of Hormuz Closed
Iran shuts Hormuz — disrupting 20% of global supply, more than double the 1956 Suez Crisis record. Qatar gas facilities and Saudi Aramco's Ras Tanura refinery struck. Iraq cuts 1.5M bpd.
Brent: $81.40
Mar 3 — Day 4
Goldman Sachs Issues Warning
Analysts warn of "triple-digit territory" if disruption exceeds 4 weeks. $13/bbl war risk premium priced in. Fair value without war: ~$65.
Brent: ~$83
Mar 5–6 — Days 6–7
? WTI — Largest Weekly Gain Since 1983
G7 signals strategic reserve release. US gas crosses $3.19 — Trump's pre-war gains fully erased. European gas near double pre-war levels.
WTI: ~$91
Mar 8–9 — Days 9–10
? Trump Signals Possible End + Volatile Session
Trump says operation is "ahead of schedule." WTI rockets to $119.48 overnight, then slumps back to ~$96–100 in a manic Monday session. Brent hit $108 before retreating.
Brent: $101–108 · WTI high: $119.48
Mar 10 — Today · Live
? Brent $98.96 · WTI $103.07
Prices stable but elevated. G7 finance ministers meet to coordinate SPR releases. Iran's new supreme leader announced. EU oil coordination group convenes. Market still pricing prolonged disruption.
Brent: $98.96 · WTI: $103.07