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Oil prices continues to rise as US-Iran war rages on; Brent crude surges past $105

Times of India
16 March 2026
Summary
Global oil prices eased slightly as President Trump urged international cooperation to secure the Strait of Hormuz, following a sharp rally driven by US-Iran tensions. The disruption has impacted a fifth of global oil supply, prompting the IEA to release over 400 million barrels from strategic reserves.

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