Oil passes $100 a barrel following Strait of Hormuz blockage and Middle East war
- Posted on March 9, 2026
- By Le Monde
- 7 Views
Oil passes $100 a barrel following Strait of Hormuz blockage and Middle East war
The blockage of the Strait of Hormuz is forcing Persian Gulf countries to reduce their crude oil production. G7 leaders are considering jointly releasing their strategic reserves to supply the markets.
