Oil surges past $100 on Trump Iran strike threat

MSN
2026.03.16 00:01
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Oil prices surged as the U.S.-Israeli conflict with Iran continues, raising concerns over energy infrastructure damage and the closure of the Strait of Hormuz, which is crucial for global oil supplies. Brent crude increased by $2.76, or approximately 2.7%, reaching $105.90 a barrel in early trading.