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Story summary
- Brent crude surged above $100 per barrel as the Iran War drove global market turmoil.
- The International Energy Agency warned of an unprecedented supply disruption, estimating a daily loss of 8 million barrels.
- Michael Brown of Pepperstone said clients were flooded with anxious calls as volatility sparked a US crude price reversal.
- Asia traders faced losses, with South Korea's Kospi posting record declines, and analysts expect continued instability.
