
Oil prices jump past $100 as Iran conflict shakes markets
Washington, March 9 (IANS) Oil prices surged past $100 a barrel as the conflict involving Iran disrupted energy flows through the Strait of Hormuz and rattled global markets.US President Donald Trump defended the spike. He said higher oil prices were a temporary cost tied to confronting Iran’s nuclear threat.“Short-term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace,” Trump wrote on Truth Social.“ONLY FOOLS WOULD THINK DIFFERENTLY!”Crude oil prices almost touched $110 per barrel after major Middle East producers reduced output while the Strait of Hormuz remained effectively closed due to the Iran conflict, CNBC reported Sunday.West Texas Intermediate crude jumped about 20.75 p...









