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Global Markets in Chaos: Oil Surges Past $100 Amid Escalating US-Israel-Iran Conflict
March 9, 2026
Global financial markets plummeted Monday as international crude prices rocketed past the $110 mark, fueled by an intensifying military conflict between a U.S.-Israeli coalition and Iran. The crude oil surge—marking the highest prices since 2022—follows a de facto blockade of the Strait of Hormuz, a critical chokepoint for 20% of the world’s petroleum supply. Key
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