Oil prices surge more than 3% as US-Iran strikes fuel Hormuz fear

The Jerusalem Post The Jerusalem Post

US and Iranian flags, 3D printed oil barrels and rising stock graph are seen in this illustration taken March 23, 2026. (photo credit: REUTERS/DADO RUVIC)https://images.jpost.com/image/upload/f_auto,fl_lossy/q_auto/c_fill,g_faces:center,h_2334,w_3500/729771" title="US and Iranian flags, 3D printed oil barrels and rising stock graph are seen in this illustration taken March 23, 2026. (photo credit: REUTERS/DADO RUVIC)" />
"The Strait of Hormuz is a vital maritime corridor for global trade.

Iran does not control it," CENTCOM said following its strikes on dozens of Iranian targets.

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