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Oil prices spike to highest levels in years as Iran war intensifies

OdixOdix
Mar 9, 2026 - 17:00
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Oil prices spike to highest levels in years as Iran war intensifies
A worker is shown placing cones outside a gas station.

Oil prices spiked to near $120 US a barrel before falling back on Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummelling financial markets.

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