Business Iran-Israel Conflict: Oil Prices Surge as Strait of Hormuz Remains Open – For Now by Marcus Liu - Business Editor March 3, 2026 by Marcus Liu - Business Editor March 3, 2026 Strait of Hormuz Closure Threatens Global Oil Supply The Strait of Hormuz, a critical waterway for global oil and gas shipments, has become the focal point of escalating tensions following … 0 FacebookTwitterPinterestEmail