Crude oil prices surpass US$100 a barrel as the Iran war impedes production and shipping

CNA - March 8, 2026

Crude oil prices surpass US$100 a barrel as the Iran war impedes production and shipping

Oil prices have eclipsed US$100 per barrel for the first time in more than three and a half years as the Iran war hinders production and shipping in the Middle East.West Texas Intermediate (WTI) jumped 20 per cent to US$109.17 a barrel, a level not seen since…

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