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economyReported

Brent crude surpasses $100 a barrel amid Iran-US escalation

Benchmark oil price breaches $100 per barrel as tensions between Iran and the United States intensify.

· 1 min read · language: en
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— Al Jazeera — All

Brent crude oil crossed the $100 per barrel threshold, according to Al Jazeera reporting. The price surge coincides with escalating military actions between Iran and the United States.

The spike has triggered concerns over global inflation pressures and prompted a sell-off in equities markets worldwide, according to the report.

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Sources

EGazette summarizes reporting from multiple sources; follow the links for the originals.

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