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Markets11 May 2026 at 02:13 am
Oil Price Today (May 11): Crude oil back above $100 on no breakthrough in US-Iran peace talks. What are experts saying?
Quick Take
Oil prices surged over $3 a barrel as the U. and Iran failed to reach a peace agreement, keeping the Strait of Hormuz largely shut and global supplies pressured
Why It Matters
Commodity prices are a leading indicator of inflation and industrial demand. Rising input costs squeeze margins while falling prices boost downstream sectors.