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The Siasat Daily

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No ship movement in Strait of Hormuz skyrockets oil prices

Frankfurt: Oil prices rose sharply on Monday, March 2, as disruptions to tanker traffic through the Strait of Hormuz chokepoint raised uncertainty about how US and Israeli attacks on Iran would affect supply to the world economy. US oil traded 7.6 per cent higher at USD 72.12 per barrel, while international standard Brent was up Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .

2 Mar 2026 9:28 pm