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Story summary
- Oil prices surged nearly 20% on March 13, 2026, amid the U.S.-Israeli conflict with Iran.
- Iranian Supreme Leader Mojtaba Khamenei said the Strait of Hormuz would remain closed, heightening fears of oil-supply disruption with Brent crude near $100 per barrel.
- U.S. President Donald Trump said Iran's nuclear threat should take priority over oil prices.
- European shares opened lower as the Stoxx Europe 600 fell 0.6% and Deutsche Bank declined.
