Vahid Online in English

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6 Mar 2026, 18:38

♦️According to the "Financial Times," global oil prices have surged sharply due to ongoing conflicts in the Middle East, surpassing $90 per barrel for the first time since the start of the Iran war. On Friday, March 15, Brent crude reached around $93.5, marking its highest level since 2024. Analysts say concerns about the prolonged war and the potential halt of oil production in some countries in the region have shocked the global energy market with supply disruptions.
Meanwhile, some regional producers have also reduced their output; for instance, Kuwait has cut production due to full oil storage tanks, while Iraq has halted a significant portion of its production. Experts warn that if the war continues and oil exports from the Gulf are further disrupted, prices could even exceed $100.
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