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On Monday morning, the FTSE 100 joined the other major financial markets with a firm slump, dipping by as much as 1.7%.

US Iran War News Live Updates: ‘Oil flow via Strait of Hormuz may halt by next month’: Putin warns amid West Asia tensions  Firstpost

French president says 'purely defensive' mission aims to gradually reopen key Gulf waterway amid spike in oil prices.

Hormuz under escort: market and geopolitical implications of US naval protection for tankers  Naval Technology

Strait Of Hormuz: Surging Energy Prices Are Only The Start Of The Pain (NYSEARCA:DIA)  Seeking Alpha

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Oil tankers transiting Strait of Hormuz 'must be very careful,' Iran foreign ministry warns  CNBC

Macron: France and allies must protect ships in Strait of Hormuz  Yahoo

France teases new defensive mission to secure Hormuz strait  Euractiv

France Plans Defensive Mission to Reopen the Strait of Hormuz  UNITED24 Media

As the Iran war widens, experts say the Middle East’s real strategic weak point may be desalinated water – not oil

(Corrects to read 'last year' (not 'this year'), paragraph 11) March 9 (Reuters) - Saudi Arabia has begun oil output cuts, sources said on Monday, becoming the latest Gulf producer impacted by the U.S. and Israeli war on Iran which has halted ship traffic in the region and sent oil prices up nearly 30% to $119 a barrel on Monday. Adding to market jitters were Tehran's hardline succession plans which cooled hopes of a quick end to hostilities.

Macron wants escorts for container ships and tankers in Strait of Hormuz ASAP  politico.eu

Airline shares have also plummeted around the world

Saudi Arabia begins oil cuts as Hormuz shipping disruption worsens  World Oil

It is the first time oil prices have passed $100 in nearly four years as the key producers in the energy-rich Middle East curb output amid the conflict.

Saudi Arabia starts to cut oil production as Strait of Hormuz shutdown fills storage (USO:NYSEARCA)  Seeking Alpha

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The Iran war sent oil prices soaring on Monday after Tehran marked the appointment of its new supreme leader with a new barrage of missiles targeting Israel and the Gulf energy industry. As Iran welcomed Ayatollah Mojtaba Khamanei as successor to his father, oil prices surged past $100 a barrel, Saudi Arabia battled drones targeting oil fields and Bahrain's energy company warned that it may be unable to fulfil export contracts.

Iranian residents have reported headaches, difficulty breathing, and oil-contaminated rain settling on buildings and cars