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Oil prices surge after U.S.-Israel strikes on Iran; crude around $80/bbl likely

freight_commodity_indices UTC: 2026-03-02 11:00:27

Oil prices rose sharply Monday on concerns of increasing supply disruptions after the U.S. and Israel launched a wave of attacks against Iran. At 03:35 ET (08:35 GMT), Brent oil futures surged 9.6% higher to $79.78 a barrel, after earlier climbing to its highest level since Ja...

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