Oil prices surge 20% on supply fears as US-Israeli war with Iran expands

CNA - March 8, 2026

Oil prices surge 20% on supply fears as US-Israeli war with Iran expands

TOKYO, March 9 : Oil prices surged about 20 per cent in early trade on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran fuelled fears of tighter supply and prolonged disruptions to shipments through the Strait of Horm…

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