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Mar 17, 2026

Oil prices spiked sharply as fresh doubts emerge over whether a U.S.-backed coalition can truly protect shipping through the vital Strait of Hormuz. With allies dragging their feet and tanker traffic already disrupted, the market braces for more volatility—but how bad could it really get for everyday fuel costs?

Financial market analysis from 17/03/2026. Market conditions may have changed since publication.

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