
Middle East conflict: oil barrel jumps 13% and exceeds 80 dollars
With the regional escalation, maritime transport via the Strait of Hormuz, through which some 20% of global oil consumption passes, is compromised.
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Asia-Pacific markets tumble after Iran strikes, oil futures spike by over 8%
Oil futures on Monday jumped by over 8%, with West Texas Intermediate futures and Brent trading at $72.52 and $79.04 per barrel respectively.
Read full article →Disruption at Strait of Hormuz: India covered, for now
By Sukalp Sharma
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