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Economy News

The Economic Times

Economy / The Economic Times

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Oil at $100 again: Who's talking to oil, and who's oil listening to?

Oil markets are increasingly swayed by geopolitical rhetoric and actions, with prices reacting more to Iran's threats and attacks than to US reassurances. Despite US President Trump's claims of an impending war's end, Iran's strikes on tankers and infrastructure have driven prices higher, highlighting Tehran's direct influence on supply flow through the Strait of Hormuz.

12 Mar 2026 2:07 pm