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Oil gains 9% as Iran continues attack
Financial Express Kochi
|March 13, 2026
OIL PRICES ROSE about 9% on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, and the country's supreme leader said the closure of the vital Strait of Hormuz should continue.
Brent futures extended gains to climb up $8.05, or 8.8% to $100.03 at 10.25 am ET or 14.25 GMT, while US West Texas Intermediate crude climbed $8, or 9.2% to $95.25. Prices of both contracts were trending higher after US.
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RBI seeks details of banks’ exposure to war-torn West Asia
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Forex reserves fall the most in more than a year on RBI's rupee defence
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