12
Mar
New Delhi (Rajeev Sharma): International oil prices climbed sharply on Thursday as mounting tensions in the Persian Gulf pushed Brent crude above the $100-per-barrel mark, raising fresh concerns about global energy supplies and economic stability. The surge came after reports of intensified Iranian attacks on commercial vessels operating near the Strait of Hormuz, a critical maritime route for global oil transport. Market reaction was swift, with Brent crude recording a jump of more than 9% during early trading hours. Just days earlier, the benchmark had briefly surged close to $120, highlighting the volatility gripping energy markets. Meanwhile, the United States’…
