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The Hindu Businessline

Markets / The Hindu Businessline

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Crude oil could top $100 as Strait of Hormuz closure halts flows

Global oil prices rose after at least three ships were attacked near the Strait of Hormuz. Brent crude was up more than 8 per cent at $78.72 a barrel, while US-traded oil was up by around 7.6 per cent at $72.20.

2 Mar 2026 1:50 pm