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Oil climbs further as Iran targets energy facilities...
04 Mar, 2026 12:31 180 min read
Crude oil prices increased due to Iran's attack on energy facilities and shipping blockades in the Strait of Hormuz, raising supply concerns. Brent crude hit $82.53, while WTI reached $75.37. The conflict stranded 200 tankers, disrupted Iraq's production, and impacted LNG production from QatarEnergy. Markets fell by 1 percent.... More