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War in Iran sends the cost of oil surging | Sky News coverage
Posted
March 9, 2026
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March 9, 2026
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15:44Now PlayingThe War in Iran is sparking havoc on the global economy - sending financial markets tumbling, and the cost of oil increasing.
Trade through the Strait of Hormuz - responsible for a fifth of the world's oil supply - has been heavily disrupted for ten days, leading to prices sky rocketing by around 25%.
Meanwhile, The prime minister of Qatar has made an urgent plea for all sides to de-escalate.
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