Oil jumps 4% as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping

Mar 17, 2026 - 11:00
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Oil jumps 4% as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping
Oil prices jumped 4% on Tuesday as uncertainty lingered over a U.S.-led coalition to protect shipping through the Strait of Hormuz.