Business Oil Prices Surge as Strait of Hormuz Closes: Brent Jumps 10% to $80 by Marcus Liu - Business Editor March 1, 2026 by Marcus Liu - Business Editor March 1, 2026 Oil Prices Surge as Strait of Hormuz Disruptions Escalate March 1, 2026 (modified March 1, 2026 | 7:49 pm) Global oil prices jumped sharply on Sunday, March 1, 2026, following … 0 FacebookTwitterPinterestEmail