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The Economic Times

Business / The Economic Times

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Global Market Today | Oil prices surge, stocks skid in flight from risk

Middle East conflict escalates, pushing oil prices sharply higher and triggering a sell-off in global shares. Investors seek refuge in the dollar, gold, and bonds as the Strait of Hormuz faces potential disruption. The prolonged conflict risks reigniting inflation and dampening economic demand worldwide.

2 Mar 2026 6:08 am