Oil jumps 5% on supply concerns as Iran conflict widens
HOUSTON, March 5 (Reuters) – Oil prices jumped 5% on Thursday, extending a rally as the escalating US-Israeli war with Iran disrupted supplies and shipping, driving some major producers in the Middle East to reduce output. Brent crude was up $4.09, or 5.02%, at $85.49 per barrel by 1:37 pm EST, a fifth session of…