Oil hits $90 per barrel, stocks continue to drop as escalating Iran war shocks markets
Government
Oil prices continued soaring Friday, putting them on track to record their biggest jump since early 2020 as the escalating Iran war threatens global energy supplies. U.S. crude oil spiked more than 9% in early trading to more than $91 per barrel, its highest price since October 2023. Brent, the international oil benchmark, broke $90 per barrel as it jumped more than 6% to its highest level since April 2024. The move in prices came amid growing fears that the Iran war could lead to long-term
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