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Oil prices approach Iran-war highs as soaring tanker rates trigger a second energy squeeze

Marcus Chen
Managing Editor · Thursday, October 22, 2026 at 8:46 PM · 1 min read
Oil prices approach Iran-war highs as soaring tanker rates trigger a second energy squeeze — MarketWatch, Beijing Business news
Image: MarketWatch

Wall Street may be starting to price in the scenario everyone fears: a full-scale regional conflict that could further choke off global energy supplies and unleash a fresh wave of turmoil across financial markets.

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