Oil jumps over 2% as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping
- Posted on March 17, 2026
- By CNBC
- 6 Views
Oil jumps over 2% as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping

Oil prices jumped over 2% on Tuesday as uncertainty lingered over a U.S.-led coalition to protect shipping through the Strait of Hormuz.