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(19 Mar 2026, 15:09)

Crude oil prices extended gains for third straight session

Crude oil prices extended gains for a third straight session, with WTI trading above $96 per barrel and Brent surging past $114 per barrel, as escalating Middle East tensions heightened fears of supply disruptions. Prices have rallied by around 50% since the onset of the Iran conflict, which has effectively disrupted flows through the Strait of Hormuz and forced key producers to curb output. Fresh attacks on major energy infrastructure, including LNG facilities, further intensified supply concerns, keeping markets on edge.
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