Oil prices rise as Trump seeks coalition to reopen Strait of Hormuz
Lead: On 16 March 2026, global oil benchmarks climbed as markets reacted to the effective closure of the Strait of Hormuz and US President Donald Trump’s appeal for an international naval coalition to reopen the waterway. Brent crude briefly topped $106 a barrel on Sunday, standing at $104.63 as of 04:30 GMT, as trading participants … Read more