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Oil Prices Surge as Putin Gains Amid Middle East Tensions

3/14/2026

33 6 Full Breakdown

Summary

Story summary

Oil prices rose, benefiting Vladimir Putin, President of Russia, amid the ongoing American-Israeli conflict with Iran, as Urals crude topped $100 per barrel.
Iran has threatened to block oil passage through the Strait of Hormuz and is shipping oil via the Jask terminal outside the strait.
U.S. President Donald Trump has urged Israel to cease strikes on Iranian energy infrastructure to keep shipping lanes open.

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Story summary

Oil prices rose, benefiting Vladimir Putin, President of Russia, amid the ongoing American-Israeli conflict with Iran, as Urals crude topped $100 per barrel.
Iran has threatened to block oil passage through the Strait of Hormuz and is shipping oil via the Jask terminal outside the strait.
U.S. President Donald Trump has urged Israel to cease strikes on Iranian energy infrastructure to keep shipping lanes open.