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Oil prices jump over 5% after Iran vows to hit Gulf energy sites
short by Vaishnavi Mishra / on Wednesday, 18 March, 2026
Iran's oil facilities in South Pars and Asaluyeh were attacked on Wednesday, prompting Tehran to warn that it would target energy installations across Saudi Arabia, UAE and Qatar. Oil prices jumped on the news, with Brent crude futures gaining over 5% ​to a high of $108.60 per barrel. The war has disrupted global oil supply, driving prices to record highs.
read more at NDTV Profit