The post Oil has rallied by the most in history this week as US stocks crash the most in a year appeared on BitcoinEthereumNews.com.

Oil went crazy this week. That is the story. U.S. crude posted the biggest weekly gain in the history of its futures contract, while U.S. stocks dropped hard as traders dealt with war risk, weaker jobs data, and a growing threat to global fuel supply. By Friday, West Texas Intermediate closed at $90.90 a barrel after rising 12.21%, or $9.89, in one session. Brent crude settled at $92.69 after climbing 8.52%, or $7.28. For the week, U.S. crude soared 35.63%, the biggest weekly gain since the contract began trading in 1983. Brent jumped about 28%, its biggest weekly gain since April 2020. The reason was simple and ugly. The war between the United States and Iran entered its seventh day on Friday, and the fight has already hit one of the most important shipping lanes in the world. Traffic in the Strait of Hormuz nearly stopped, raising fears that a wider supply shock could slam the oil and gas market. America’s Donald Trump raised those fears further on Friday when he demanded unconditional surrender from Iran. That pushed traders to price in a longer conflict, more shipping trouble, and more lost barrels from the Gulf. War disrupts Gulf supply and drives oil to a record weekly gain The supply problems did not stop at shipping delays. Saad al-Kaabi, Qatar’s energy minister, told the Financial Times on Friday that crude could reach $150 a barrel in the coming weeks if tankers cannot pass through the Strait. Saad said, “This could bring down the economies of the world.” He also warned that exporters in the Gulf may soon have no real choice but to declare force majeure if the disruption keeps going. Saad told the paper, “Everybody that has not called for force majeure we expect will do so in the next…

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Filed under: News - @ March 6, 2026 11:24 pm