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The Economic Times

Business / The Economic Times

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Oil prices expected to stay high for days, all eyes on Strait of Hormuz flows

Escalating Middle East conflict is pushing oil prices higher, with analysts predicting sustained elevated levels due to supply concerns, particularly through the vital Strait of Hormuz. Attacks have already disrupted tanker traffic, leading to significant crude futures surges. Experts warn of potential prices exceeding $100 if flows aren't restored quickly.

2 Mar 2026 8:17 am