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Oil gains over 2% as market weighs Iran war supply risks

By Reuters March 16, 2026 Neutral
Oil gains over 2% as market weighs Iran war supply risks
Oil prices rose more than 2% in early ​trade on Tuesday, reversing some of the previous session's losses, on worries about supply with ‌the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital waterway.
Oil prices rose more than 2% in early ​trade on Tuesday, reversing some of the previous session's losses, on worries about supply with ‌the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital waterway.