Oil prices today: Crude continues to rise as US-Iran war rages on; Brent surges past $105 a barrel

Global oil prices eased slightly as President Trump urged international cooperation to secure the Strait of Hormuz, following a sharp rally driven by US-Iran tensions. The disruption has impacted a fifth of global oil supply, prompting the IEA to release over 400 million barrels from strategic reserves.

PNSPNS
Mar 16, 2026 - 09:16
 0
Oil prices today: Crude continues to rise as US-Iran war rages on; Brent surges past $105 a barrel
Global oil prices eased slightly as President Trump urged international cooperation to secure the Strait of Hormuz, following a sharp rally driven by US-Iran tensions. The disruption has impacted a fifth of global oil supply, prompting the IEA to release over 400 million barrels from strategic reserves.

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