Oil prices soar past $110 a barrel again after Iran says Strait of Hormuz is closed
- Posted on March 27, 2026
- By The Independent
- 4 Views
Oil prices soar past $110 a barrel again after Iran says Strait of Hormuz is closed
The cost of oil has surged again following Iran’s announcement that the Strait of Hormuz is “closed” and that any transit through the waterway will face “harsh measures”.
