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Crude oil Oil prices drop belows USD 90 mark after IEA amid global turmoil

Crude oil prices declined for the second consecutive day after the International Energy Agency proposed a record emergency reserve release to stabilise markets amid the US-Iran conflict. Brent crude slipped below USD 87 a barrel as global oil supply disruptions and Strait of Hormuz tensions continue to affect energy markets

11 Mar 2026 11:58 am