Live Update
From the Liveblog of
Thursday, March 5, 2026
Price of US oil contract up over 5% on Iran war
Benchmark US oil contract West Texas Intermediate soared more than five percent to $78.88 per barrel in trading today, the highest level since January last year, as the Iran war threatens supplies.
International benchmark Brent North Sea crude jumped 3.6 percent to $84.34 per barrel.
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