Global oil prices settle above $100 for first time since 2022, as Iran ramps up strikes and vows to keep blocking Strait of Hormuz

by | Mar 12, 2026 | Uncategorized

Oil prices settled at the highest levels since August 2022 after Iran’s new leader said the crucial Strait of Hormuz should remain closed and that the country will continue attacks on its Persian Gulf neighbors.

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Written by Albert Pham, News Curator and Blogger

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