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The Economic Times

Business / The Economic Times

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Oil jumps as Iran conflict escalates, disrupts shipping

Brent crude futures shot up to $82.37, the highest since January 2025, in the first futures trading after the U.S. and Israel launched strikes on Iran and killed its Supreme Leader Ali Khamenei on Saturday. As of 0054 GMT, Brent futures were at $78.24 a barrel, up $5.37, or 7.37%.

2 Mar 2026 6:35 am