Oil prices up more than 7.5% as concerns over closure of Strait of Hormuz mount

Global oil markets were already anticipating an upward price shock as Tehran called to close the Strait of Hormuz

Mar 2, 2026 - 15:30
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Oil prices up more than 7.5% as concerns over closure of Strait of Hormuz mount
Global oil markets were already anticipating an upward price shock as Tehran called to close the Strait of Hormuz

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