GEOPOLITICS | Security Concerns Rise After U.S. and Israel Strike Iran, Affecting Middle East Oil Deliveries

On March 2, S&P Global Platts announced that it is assessing the feasibility of delivering Middle Eastern crude oil from Gulf ports due to heightened security concerns following attacks by the United States and Israel on Iran. According to Jin10, this evaluation was initiated after market participants informed Platts that major shipping companies have suspended transit through the Strait of Hormuz. This decision comes in response to significant security concerns after the airstrikes conducted by Israel and the U.S. on Iran on February 28, 2026. Further guidance on how to assess Dubai partial futures and the performance expectations of bids and offers in the Platts closing evaluation process for Middle Eastern crude oil will be provided in another user notice at 06:00 GMT (14:00 UTC+8).