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The Economic Times

Business / The Economic Times

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Crude climbs past $103 again as Iran war disrupts supply

Oil prices rose around 3% on Tuesday, clawing back some of the previous session's losses on renewed supply fears, with the Strait of Hormuz largely shut and U.S. allies rejecting calls to deploy warships to escort tankers through the key chokepoint.

17 Mar 2026 2:07 pm