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Oil Surges 3% on Supply Concerns as Iran Conflict Escalates

freight_commodity_indices UTC: 2026-03-05 08:58:15

Oil prices surged more than 3% on Thursday, extending a rally as the escalating U.S.-Israeli war with Iran raised fears of prolonged disruptions to vital Middle East oil and gas supplies.Brent LCOc1 crude advanced $2.44, or 3%, to $83.84 per barrel by 0722 GMT, a fifth session...

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