BusinessMarch 2, 2026

Why Oil Prices Jumped After Attacks on Iran

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② Start Lesson

Key Vocabulary

attack/əˈtæk/

a violent action against a place or group

"The attack made traders worry."

price/praɪs/

how much money is needed to buy something

"Oil price went up."

Strait of Hormuz/straɪt əv hɔːrˈmʊz/

a narrow sea route where many oil ships pass

"Ships cross the Strait of Hormuz."

Listening

Why Oil Prices Jumped After Attacks on Iran

The United States and Israel attacked Iran at the end of February 2026. The attacks hit sites inside Iran and caused a strong reaction in the region.

Oil prices jumped after the attacks. Traders worried that ships and oil facilities near the Strait of Hormuz were unsafe, so prices rose. OPEC+ plans to add 206,000 barrels per day from April to help markets. Many traders bought oil quickly. Fuel and goods costs may rise for people in many countries.

79 words

Quiz

1. Who attacked Iran?

2. What jumped after the attacks?

3. How many barrels per day did OPEC+ plan to add?

Reading Practice

Read the article from the Listening section aloud. Your AI teacher will give you pronunciation feedback.

Discussion

Do you worry when you hear about rising fuel prices? How does it affect you?

Have you ever changed travel plans because of news about danger at sea?

What do you think about stores raising prices when oil becomes expensive?