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The Economic Times

Business / The Economic Times

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Oil rises 3% after Iran strikes Middle East energy facilities

Middle East energy facilities faced Iranian attacks, escalating regional tensions and pushing oil prices up significantly. Brent crude surged over 3%, while WTI also saw gains. These strikes, in retaliation for earlier attacks on Iran's energy infrastructure, have disrupted operations in Qatar and the UAE, with Saudi Arabia intercepting missiles. The conflict shows no signs of de-escalation.

19 Mar 2026 7:33 am