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NY Oil Price Surpasses USD80 Mark as Iran Attacks Tanker
2026-03-06 06:09:35
The escalation of war by Iran disrupted global fuel supply, as traffic in the Strait of Hormuz came to a standstill after a tanker attack. As a result, New York oil futures surpassed the USD80 mark.

New York oil futures for April delivery surged by USD6.35 or 8.5%, closing at USD81.01, notching the sharpest single-day increase since May 2020.

Brent oil futures for May delivery lifted by USD4.01 or 4.9%, reaching USD85.41.
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