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Originally published by Capital Business
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business
March 2, 2026
5h ago

Oil prices jump and shares fall as conflict escalates

Oil prices jump and shares fall as conflict escalates

MAR 2 - Global oil prices rose as Iran continues to launch strikes across the Middle East in response to ongoing attacks by the US and Israel. Brent Kenya breaking news | Kenya news today |..

✨ Key Highlights

Global oil prices surged and stock markets fell as escalating conflict in the Middle East led to attacks on ships near the Strait of Hormuz.

  • Brent crude jumped by 10% to over $82 a barrel, and natural gas prices rose by up to 25%.
  • The conflict involves ongoing strikes by Iran in response to attacks by the US and Israel.
  • Major stock markets in Europe experienced significant drops of around 1.6% to 1.7%, with airline shares particularly affected.

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