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Brent Jumps Above $106

B
Benzinga

85 Views • Mar 17, 2026

Description

Oil surged past $106 as the Strait of Hormuz remained closed following Iran's retaliation to U.S. and Israeli strikes, cutting daily transits from 138 to just 5. Brent eased to $104.63 — up over 40% since the war began — as Trump urged allies to help reopen the route amid global recession fears.

Keywords & Tags

#NATO #Brentcrude #OilPrices #GlobalEconomy #CrudeOil #EnergyMarkets #StraitOfHormuz #IranConflict #MiddleEastWar #ShippingDisruption

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