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Bybit· 2026-03-09 10:00
Oil shock is rattling global markets as of Mar 9th!The Iran-U.S. war has entered its second week with no signs of de-escalation. The Strait of Hormuz remains shut and major Gulf producers including Kuwait, Iraq and the UAE are cutting output.Brent crude briefly surged past $119, the highest levels since the Russia-Ukraine shock in 2022.The ripple effects are hitting every major asset class this Monday morning.Some nerves are easing slightly after the Financial Times reported that G7 countries are discussing ...