Crude oil prices surpass $100 a barrel as the Iran war impedes production and shipping
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March 8, 2026 3:25 PM
CHICAGO (AP) — Oil prices have eclipsed $100 per barrel for the first time in more than three and a half years as the Iran war hinders production and shipping in the Middle East.
The price for a barrel of Brent crude, the international standard, was at $101.19 shortly after trading resumed on the Chicago Mercantile Exchange, up 9.2% from its settlement price of $92.69 Friday.
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