{"id":14901,"date":"2026-03-13T04:20:02","date_gmt":"2026-03-13T04:20:02","guid":{"rendered":"https:\/\/inernews.online\/?p=14901"},"modified":"2026-03-13T04:20:02","modified_gmt":"2026-03-13T04:20:02","slug":"oil-stays-above-100-a-barrel-amid-irans-stranglehold-on-strait-of-hormuz-us-israel-war-on-iran-news","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=14901","title":{"rendered":"Oil stays above $100 a barrel amid Iran\u2019s stranglehold on Strait of Hormuz | US-Israel war on Iran News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>Energy markets remain on tenterhooks as the prospect of prolonged war in the Middle East grows.<\/em><\/p>\n<\/div>\n<div><button class=\"article-listen-container\" aria-labelledby=\"listen-text listen-duration\" data-testid=\"listen-to-article-button\"><\/p>\n<p><span class=\"article-listen-container__text\" data-testid=\"listen-to-article-text\">Listen to this article<\/span><span aria-hidden=\"true\">\u00a0|\u00a0<\/span><span class=\"article-listen-container__duration\">4 mins<\/span><\/p>\n<p><\/button><button tabindex=\"0\" class=\"tooltip-accessible_trigger\"><svg class=\"icon icon--info icon--main-grey-dark icon--16 listen-to-article-tooltip__icon\" viewbox=\"0 0 24 24\" version=\"1.1\" aria-hidden=\"true\" role=\"presentation\"><title>info<\/title><path class=\"icon-main-color\" d=\"M12 0a12 12 0 1 0 0 24 12 12 0 0 0 0-24Zm-.226 3.225a2.039 2.039 0 0 1 2.155 1.924v.193a1.998 1.998 0 0 1-2.155 2.149 2.029 2.029 0 0 1-2.146-2.15 2.039 2.039 0 0 1 1.955-2.122h.193l-.002.006Zm3.227 15.525a.75.75 0 0 1-.752.75H9.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.75h.748V12h-.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.751h3a.75.75 0 0 1 .75.752v6.75h.75a.75.75 0 0 1 .75.749L15 18.75Z\"\/><\/svg><\/button><\/div>\n<div>\n<div class=\"byline byline--single-avatar\">\n<div class=\"avatars-container\">\n<div class=\"responsive-image\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.aljazeera.com\/wp-content\/uploads\/2020\/09\/jp-1730786685-rotated.jpg?resize=96%2C96&amp;quality=80 96w\" sizes=\"(max-width: 96px) 96px, 96px\" aria-hidden=\"true\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 13 Mar 2026<\/span><span aria-hidden=\"true\">13 Mar 2026<\/span><\/p>\n<\/div>\n<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" clip-rule=\"evenodd\"\/><\/svg><\/button><\/p>\n<p class=\"rich-share__social-text\">Share<\/p>\n<\/div>\n<\/div>\n<div class=\"google-preferred-source\"><button class=\"google-preferred-source__button\" aria-label=\"Add Al Jazeera on Google\" data-testid=\"google-preferred-source-button\"><svg class=\"icon icon--plus2 icon--primary icon--12 google-preferred-source__add-icon\" viewbox=\"0 0 24 24\" version=\"1.1\" aria-hidden=\"true\"><title>plus2<\/title><path fill=\"currentColor\" d=\"M10.571 13.429H3.43c-.405 0-.744-.137-1.018-.411A1.382 1.382 0 0 1 2 12c0-.405.137-.744.41-1.018.275-.274.614-.41 1.019-.41h7.142V3.428c0-.405.137-.744.411-1.018C11.256 2.137 11.595 2 12 2s.744.137 1.018.41c.274.275.41.614.41 1.019v7.142h7.143c.405 0 .744.137 1.018.411.274.274.411.613.411 1.018s-.137.744-.41 1.018c-.274.274-.614.41-1.019.41H13.43v7.143c0 .405-.137.744-.411 1.018-.274.274-.613.411-1.018.411s-.744-.137-1.018-.41a1.382 1.382 0 0 1-.41-1.019V13.43Z\"\/><\/svg><svg class=\"icon icon--google icon--primary icon--16 google-preferred-source__google-icon\" viewbox=\"0 0 17 16\" version=\"1.1\" aria-hidden=\"true\"><title>google<\/title><g fill-rule=\"evenodd\" clip-path=\"url(#a)\" clip-rule=\"evenodd\"><path fill=\"#4285F4\" d=\"M16.18 8.181c0-.567-.051-1.112-.145-1.636H8.5v3.094h4.305a3.68 3.68 0 0 1-1.596 2.415v2.007h2.585c1.513-1.393 2.386-3.443 2.386-5.88Z\"\/><path fill=\"#34A853\" d=\"M8.5 16c2.16 0 3.971-.717 5.295-1.939l-2.586-2.007c-.716.48-1.633.764-2.709.764-2.083 0-3.847-1.407-4.476-3.298H1.35v2.072A7.997 7.997 0 0 0 8.501 16Z\"\/><path fill=\"#FBBC05\" d=\"M4.024 9.519c-.16-.48-.251-.993-.251-1.52s.09-1.04.25-1.52V4.406H1.352A7.997 7.997 0 0 0 .5 8c0 1.29.31 2.513.85 3.593l2.674-2.073Z\"\/><path fill=\"#EA4335\" d=\"M8.5 3.182c1.175 0 2.23.403 3.058 1.196l2.295-2.294C12.467.793 10.656 0 8.5 0a7.997 7.997 0 0 0-7.149 4.407L4.024 6.48C4.653 4.59 6.417 3.182 8.5 3.182Z\"\/><\/g><defs><clippath id=\"a\"><path fill=\"#fff\" d=\"M.5 0h16v16H.5z\"\/><\/clippath><\/defs><\/svg><span class=\"google-preferred-source__text\">Add Al Jazeera on Google<\/span><\/button><button tabindex=\"0\" aria-label=\"See more of Al Jazeera\u2019s trusted journalism by adding us as a preferred source on Google.\" class=\"tooltip-accessible_trigger\"><svg class=\"icon icon--info icon--primary icon--16 google-preferred-source__info-icon\" viewbox=\"0 0 24 24\" version=\"1.1\" aria-hidden=\"true\"><title>info<\/title><path class=\"icon-main-color\" d=\"M12 0a12 12 0 1 0 0 24 12 12 0 0 0 0-24Zm-.226 3.225a2.039 2.039 0 0 1 2.155 1.924v.193a1.998 1.998 0 0 1-2.155 2.149 2.029 2.029 0 0 1-2.146-2.15 2.039 2.039 0 0 1 1.955-2.122h.193l-.002.006Zm3.227 15.525a.75.75 0 0 1-.752.75H9.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.75h.748V12h-.75a.75.75 0 0 1-.75-.75v-1.5a.75.75 0 0 1 .752-.751h3a.75.75 0 0 1 .75.752v6.75h.75a.75.75 0 0 1 .75.749L15 18.75Z\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>Oil prices have again risen above $100 per barrel as energy markets see little relief amid the biggest disruption to global energy supplies in a generation.<\/p>\n<p>Brent crude, the international benchmark, surged more than 9 percent on Thursday as traders weighed the prospect of weeks, or even months, of turmoil in energy markets as the United States and Israel wage war on Iran.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 4 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>Brent futures, which are traded outside of regular market hours, were priced at $101.13 as of 03:00 GMT.<\/p>\n<p>Asian stock markets, including exchanges in Tokyo,\u00a0Seoul\u00a0and Hong Kong,\u00a0opened\u00a0sharply lower on\u00a0Friday, following steep\u00a0losses on\u00a0Wall Street overnight.<\/p>\n<p>The latest surge in oil prices came after Iran\u2019s Supreme Leader Mojtaba Khamenei pledged to maintain the effective closure of the Strait of Hormuz, which normally transports about one-fifth of global oil supplies.<\/p>\n<p>In a statement read out on his behalf on Iranian state television, Khamenei described Tehran\u2019s threats against shipping in the waterway as a \u201clever\u201d that \u201cmust continue to be used\u201d.<\/p>\n<p>US President Donald Trump struck a similarly defiant tone on Thursday, posting on Truth Social that stopping Iran from getting nuclear weapons was of \u201cfar greater interest and importance\u201d than rising oil prices.<\/p>\n<h3>\u2018Lack of tangible goals in this war\u2019<\/h3>\n<p>Traffic through the strait has effectively ground to a halt due to Iranian threats, with only a handful of vessels passing through each day, many of them claiming links to China, Iran\u2019s key economic partner.<\/p>\n<p>According to the United Kingdom Maritime Trade Operations (UKMTO) centre, no more than five ships have passed through the waterway each day since the US and Israel launched joint strikes on Iran on February 28, compared with an average of 138 daily transits before the war. At least 16 commercial vessels have been attacked in the region since the start of the conflict, according to the UKMTO.<\/p>\n<p>Tehran has claimed responsibility for several of the attacks, including a strike on Wednesday that crippled a Thai-flagged vessel off the coast of Oman.<\/p>\n<p>Efforts to bring calm to the market have so far done little to tame prices, which are up nearly 40 percent compared with before the start of the war.<\/p>\n<p>The International Energy Agency\u2019s (IEA) announcement on Wednesday that member countries would release 400 million barrels of oil from emergency stockpiles drew a tepid response among traders eyeing a daily shortfall in global supplies estimated at 15-20 million barrels.<\/p>\n<p>The US Department of the Treasury\u2019s issuance on Thursday of a temporary licence authorising countries to purchase sanctioned Russian oil that has been stranded at sea also failed to move the market, with Brent crude staying above $100 a barrel after the Treasury announcement.<\/p>\n<p>\u201cThe key problem is a lack of tangible goals in this war,\u201d said Adi Imsirovic, an energy security expert at the University of Oxford.<\/p>\n<p>\u201cIt makes it hard for oil traders to see the light at the end of the tunnel,\u201d he said.<\/p>\n<p>Trump has repeatedly floated the possibility of using the US Navy to escort commercial shipping through the strait, but the Pentagon has yet to conduct such operations amid concerns about the risks posed by Iranian attacks in the narrow waterway.<\/p>\n<p>In an interview with CNBC on Thursday, US Energy Secretary Chris Wright said that Washington was \u201cnot ready\u201d to provide navy escorts but that such operations could begin by the end of the month.<\/p>\n<p>\u201cIt\u2019ll happen relatively\u00a0soon\u00a0but it can\u2019t happen now,\u201d Wright said.<\/p>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy markets remain on tenterhooks as the prospect of prolonged war in the Middle East grows. Listen to this article\u00a0|\u00a04 mins info Published On 13 Mar 202613 Mar 2026 Click here to share on social media share2 Share plus2googleAdd Al Jazeera on Googleinfo Oil prices have again risen above $100 per barrel as energy markets [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-14901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/14901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14901"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/14901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/14902"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}