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Oil prices jump 9 per cent amid US/Israel war on Iran

March 2, 2026 at 03:59 PM

Oil prices surged on Monday while global equities slid, as escalating hostilities between the United States, Israel, and Iran rattled energy markets and heightened fears of a prolonged supply disruption in the Middle East. Benchmark crude grades recorded sharp gains in early trading. West Texas Intermediate (WTI), the US light sweet...

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