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The Times of India

Business / The Times of India

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Explained: How Iran war is driving sharp rise in oil and gas prices

Global oil prices have surged dramatically this week. The ongoing conflict involving Iran has intensified, raising fears of prolonged energy supply disruptions from the Middle East. Key energy routes and facilities are disrupted. This has pushed oil and gas prices higher across global markets. Consumers and businesses are facing rising fuel costs.

7 Mar 2026 11:23 am