Crude oil surges above $107 as Iran tensions escalate; markets brace for supply shock
Global crude oil prices surged sharply on Thursday, with Brent crude rising more than 6% to cross $107 per barrel, as escalating tensions between the United States and Iran heightened fears of supply disruptions, April 2, 2026. The rally was triggered after U.S. President Donald Trump warned of tougher action against Iran, including potential strikes […]
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