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Economy News

The Economic Times

Economy / The Economic Times

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Crude oil prices jump as Middle East conflict disrupts global supply

Global fuel prices are rising after tensions involving Israel, the United States, and Iran disrupted oil supply from the Middle East. The key shipping route, the Strait of Hormuz, is facing major problems, which is affecting crude oil movement. Countries are now dealing with higher energy costs, and governments and drivers around the world may feel the impact in the coming weeks.

10 Mar 2026 1:54 am