US-Israeli strikes

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Representative image of an oil tanker and offshore energy infrastructure amid military tension, illustrating the global oil market shock as Brent crude tops $105 and the Strait of Hormuz disruption triggers the largest supply crisis in modern energy trade.

Brent crude tops $105 as Strait of Hormuz remains shut in largest supply disruption in global oil market history

Oil rises to $105 as US-Israeli war on Iran threatens Gulf export terminals and keeps Strait of Hormuz shut in the biggest supply disruption in history.

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March 16, 2026