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Oil and stocks whipsaw on hopes of an end to Iran war

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BUSINESS © FRANCE 24 05:45 Issued on: 09/03/2026 - 23:21

Play (05:45 min) From the show Reading time 1 min Crude oil prices pulled back sharply after brushing $120 per barrel earlier on Monday. After staying around $100 dollars for most of the day, both Brent and WTI benchmarks reversed course on comments from Donald Trump suggesting that the end was near for the US - Israeli war on Iran. As Gulf countries started cutting production amid a rapid decrease in available storage space, consumers have already started seeing rising fuel prices.

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