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Oil surges to $119 as Iran war disrupts supplies; gold steady, metals jump
Written By: Zee Business Video TeamUpdated: Mon, Mar 09, 2026, 04:18 PM IST
Global commodity markets turned volatile as the escalating US Israel Iran war disrupted shipping through the Strait of Hormuz. Oil prices surged to their highest level since 2022 amid fears of supply disruptions. Aluminium climbed to a four year high while natural gas prices gained on concerns over LNG shipments.
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