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Briefing: Oil jumps over 2% as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping

Strategic angle: Oil prices surged as uncertainty surrounds the U.S.-led coalition's effectiveness in safeguarding vital shipping routes.

Editorial StaffMarch 17, 20261 min read

Oil prices increased by over 2% on Tuesday.

Concerns persist regarding the U.S.-led coalition's ability to protect the Strait of Hormuz.

The Strait of Hormuz is a critical passage for global oil shipments.