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Regional markets smashed as oil surges over US $100

Regional markets smashed as oil surges over US $100

SBS On the Money
11 min
9 Mar
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About the episode

Nearly $90 billion dollars has been wiped from the S&P/ASX 200, as war in Iran sent oil prices skyrocketing past US$100 a barrel for the first time since Russia invaded Ukraine in 2022; The rising oil price sparks panic buying and reports of fuel rationing at some petrol stations in Australia.