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Economy

Oil prices surge over 3% following Iran attacks

Global oil prices have climbed more than 3% in the wake of recent attacks involving Iran.

The Business Standard ยท 29 July 2026, 9:15 AM

Global crude oil prices experienced a significant increase following reports of attacks involving Iran. The US benchmark, West Texas Intermediate (WTI), rose by 3.67% to reach $82.17 per barrel. Simultaneously, North Sea Brent crude saw a gain of 3.39%, bringing its price to $86.94 per barrel.