ReferIndia News Historic Energy Shock: The Iran War's Ripple Effect on Global Markets

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Historic Energy Shock: The Iran War's Ripple Effect on Global Markets

Published on: April 2, 2026, 11:38 a.m. | Source: Devdiscourse

The conflict in Iran has triggered a historic surge in energy prices, with Brent crude surpassing $100 per barrel and U.S. pump prices soaring. However, the global economy has shown resilience despite initial shocks. Business sentiments remain cautiously optimistic, awaiting clearer data on long-term impacts.

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