New Delhi, March 9 -- Oil prices have crossed 100 US dollars 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 trading at 101.19 dollars yesterday, up 9.2% from its closing price of 92.69 dollars on Friday. Amid surging global oil prices, United States President Donald Trump said the short-term spike is worth the cost if it eliminates Tehran's nuclear threat. In a post on Truth Social, Trump argued that oil prices would drop rapidly once Iran's nuclear capabilities are destroyed, calling it a small price to pay for American and world safety and peace. The fear of Iranian missile and dro...
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