Oil prices swing wildly as Iran war threatens transport routes and production across Middle East
Government
Oil prices fell to under US$90 late Monday, after US President Donald Trump said he thinks “the war is very complete". The widening Iran war has upended oil production and shipping across the Middle East, straining energy supplies worldwide. Those disruptions caused oil to spike on Monday (Mar 9), only for it to swiftly fall back after President Donald Trump suggested the war could be near an end . The price of Brent crude, the international benchmark, briefly surged to US$119.50 per barrel on
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