Oil beyond $100: Crude climbs amid US-Iran tensions, fresh Hormuz curbs fears linger

2026-03-26 - 03:39

Oil prices rebounded past $100 as markets reassess Middle East conflict developments. Iran's mixed signals on US peace proposals, coupled with Trump's tougher stance, create market uncertainty. Meanwhile, the ongoing conflict severely impacts global supply chains, particularly through the Strait of Hormuz, leading to significant oil disruptions.