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The Economic Times

Markets / The Economic Times

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Traders warn $100 oil is imminent if Iran war keeps raging

A week after a major disruption to global energy markets, oil prices remain below past crisis peaks but are rising fast as the conflict in the Gulf halts ship traffic through the Strait of Hormuz. Brent crude has crossed $90 a barrel, gaining more than 25% this week.

7 Mar 2026 6:24 am