Oil Prices Surge as Middle East Conflict Shakes Global Energy Markets
Brent Oil Nears $93 as US–Israel Conflict with Iran Fuels Supply Fears in the Persian Gulf Global energy markets are experiencing heightened volatility as the conflict involving the United States, Israel and Iran enters its seventh day, raising concerns about disruptions to global oil supply. Military strikes and retaliatory attacks in the Persian Gulf have increased tensions across the region, triggering a sharp rise in oil prices and fueling fears of a prolonged supply shock. As of Saturday, March 7, 2026, the price of Brent crude the global benchmark for…
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