Скачать или смотреть LIVE: Oil Surges Above $100 a Barrel; Iran War Forces UAE, Kuwait Start Output Cuts | Firstpost

Global oil prices have surged past $100 a barrel as the escalating war in West Asia disrupts energy markets and raises fears of supply shortages. U.S. crude futures jumped more than 20 percent, while Brent crude climbed above $108 a barrel, marking one of the sharpest spikes since 2020. Markets are reacting to concerns that the conflict could disrupt oil shipments through the Strait of Hormuz, a critical maritime route for global energy supplies. The surge in oil prices has also rattled financial markets, with U.S. stock futures falling and the dollar strengthening as investors brace for rising inflation and higher living costs worldwide.

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