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The Economic Times

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Oil poised for further gains as Middle East conflict threatens export facilities

Oil prices may rise further as the U.S.-Israeli conflict with Iran enters its third week. This ongoing war poses a significant risk to oil infrastructure. The critical Strait of Hormuz remains shut, disrupting global oil supply. International efforts are underway to manage the situation, including strategic oil releases. Diplomatic solutions appear distant, suggesting continued market volatility.

15 Mar 2026 2:50 pm