The global crude oil prices crossed $103 per barrel on Monday morning while the U.S. benchmark briefly crossed the $100 mark amid growing concerns about Iran’s continued chokehold on the the Strait of Hormuz amid the ongoing war, as President Donald Trump said he has demanded that at least seven countries help protect the critical shipping lane.
Read the full story on Forbes: https://www.forbes.com/sites/siladityaray/2026/03/16/us-oil-benchmark-nudges-100-as-trump-demands-other-countries-send-warships-to-police-strait-of-hormuz/
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