Tag: WTI crude prices

A worker operates valves at the Rumaila oil field in Basra, Iraq, to cut nearly 1.5 million barrels per day of output as exports halted due to the effective closure of the Strait of Hormuz amid the Iran war. (Reuters)
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Brent crude oil prices spike toward $120/barrel Iran War forces more production cuts| Business News

 March 9, 2026  Leave a Comment on Brent crude oil prices spike toward $120/barrel Iran War forces more production cuts| Business News

Crude oil prices spiked dramatically toward $120/barrel as key Gulf producers curbed output, the vital Strait of Hormuz remained functionally closed, and the US threatened…

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