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Evening Standard
Evening Standard
Holly Williams

Stock markets drop after spike in crude oil prices amid Iran conflict

Oil Iran Petrol G7 RAC
World indices at the London Stock Exchange in the City of London (James Manning/PA) - (PA Wire)

Global financial markets slid further on Monday after oil prices rose above 100 dollars a barrel amid concerns of a mounting supply crisis caused by the Iran war.

Nevertheless, early volatility calmed during the afternoon despite finance ministers and the International Energy Agency (IEA) ending talks without striking a deal to release extra crude oil reserves.

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