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Oil prices rise Middle East ceasefire hopes fade as Brent crude climbs to $104.30 with Strait of Hormuz closure Russian supply disruption and Iraqi storage tanks at critical levels deepening the biggest global oil supply crisis in history in March 2026.

Oil Prices Rise Middle East Ceasefire Hopes Fade and Iran Keeps the World Waiting on the US Peace Plan

Oil prices rise as Middle East ceasefire hopes fade with Iran still reviewing US 15-point plan while Hormuz closure and…

Kelan Norrix Energy & Infrastructure

Mar 26, 2026

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