Stalemate in the conflict has led to an obstruction in the energy supply, causing the price of oil futures to continue rising.

date
05/03/2026
As the Middle East conflict enters its sixth day, the rise in crude oil futures has further expanded, and the damage to shipping and energy infrastructure has worsened the situation. Frank Walbaum of Naga stated that the uncertainty of the conflict's duration is keeping upward pressure "solidly in place." He points out that Iraq has stopped production due to a lack of oil storage facilities, and traders are actively pricing in the risk of potential larger-scale forced shutdowns if disruptions continue. While the US plans to support oil tanker insurance and deploy naval escorts may limit price spikes, "any significant market retreat may depend on clear signs of geopolitical cooling or the continued recovery of commercial oil tanker traffic."