Oil surges 3% as Iranian strikes on UAE renew supply fears
Oil prices jumped about 3% on Tuesday after renewed Iranian attacks on the United Arab Emirates rekindled supply fears, with the Strait of Hormuz remaining largely shut and several U.S. allies rebuffing President Trump's call to send warships to escort shipping through the vital waterway.
READ MORE : http://www.africanews.com/2026/03/17/oil-surges-3-as-iranian-strikes-on-uae-renew-supply-fears
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Oil prices jumped about 3% on Tuesday after renewed Iranian attacks on the United Arab Emirates rekindled supply fears, with the Strait of Hormuz remaining largely shut and several U.S. allies rebuffing President Trump's call to send warships to escort shipping through the vital waterway.
READ MORE : http://www.africanews.com/2026/03/17/oil-surges-3-as-iranian-strikes-on-uae-renew-supply-fears
Subscribe on our Youtube channel https://www.youtube.com/c/africanews?sub_confirmation=1 and receive all the latest news from the continent.
Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews
#AfBusiness
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- Donald Trump, Iran war, Mojtaba Khamenei
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