BUSINESSglobal
$166 a barrel? Middle East oil gives clue to where all prices could be headed if Iran war drags on
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Updated 3 hours ago
First seen March 23, 2026 15:31:35Stay on top of this story
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Quick Summary
The extreme spike in oil prices seen in local markets in the Middle East could give investors a glimpse into to where U.S. and Europe prices are headed if the Strait of Hormuz isn’t opened soon. Dubai crude oil prices surpassed $166 a barrel to a new record high on Thursday, according to market data ...