WTI Oil Price Today: Will Crude Close Above $100 On March 16? Trump's Hormuz Coalition And Kharg Island Threats In Focus

Benzinga_recent_news16:09

Oil prices remained elevated on Monday as President Donald Trump threatened to strike Iran’s crude export facilities on Kharg Island and the war heads toward its third week, with the Strait of Hormuz ...

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Trump's Hormuz Coalition And Kharg Island Threats In Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-16 16:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/prediction-markets/26/03/51262067/wti-oil-price-today-will-crude-close-above-100-on-march-16-trumps-hormuz-coalition-and-kharg-island-threats-in-focus><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil prices remained elevated on Monday as President Donald Trump threatened to strike Iran’s crude export facilities on Kharg Island and the war heads toward its third week, with the Strait of Hormuz ...</p>\n\n<a href=\"https://www.benzinga.com/markets/prediction-markets/26/03/51262067/wti-oil-price-today-will-crude-close-above-100-on-march-16-trumps-hormuz-coalition-and-kharg-island-threats-in-focus\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1363072403.SGD","symbol_name":"Fidelity Global Financial Services A-ACC-SGD","start_time":0,"source_url":"https://www.benzinga.com/markets/prediction-markets/26/03/51262067/wti-oil-price-today-will-crude-close-above-100-on-march-16-trumps-hormuz-coalition-and-kharg-island-threats-in-focus","article_id":"2619584804","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/03/16/Us-iran-Geopolitics-Oil-Industry--Energy_2.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/prediction-markets/26/03/51262067/wti-oil-price-today-will-crude-close-above-100-on-march-16-trumps-hormuz-coalition-and-kharg-island-threats-in-focus","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2619584804","pubTimestamp":1773648540,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Oil prices remained elevated on Monday as President Donald Trump threatened to strike Iran’s crude export facilities on Kharg Island and the war heads toward its third week, with the Strait of Hormuz still closed.The Kalshi prediction market crowd has one blunt question on the table: Does WTI close above $100?The bet resolves against the Intercontinental Exchange  front-month WTI settlement price — the official end-of-day price published each afternoon by the Intercontinental Exchange, the benchmark the entire oil market uses. Above $99.99 at settlement, YES wins. Below it, NO wins.The Kalshi crowd is leaning YES — but not convincingly. The YES contract on a close above $99.99 is trading at 66, implying a 59% probability that WTI settles above $100. The crowd is also pricing a 56% chance of closing above $101 and a 42% chance of pushing past $102 — suggesting traders believe $100 holds, but a sustained breakout higher remains far from certain. Kalshi stops taking new bets at 2:30 PM ET","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4585":"ETF&股票定投概念","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","ICE":"洲际交易所","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","BK4213":"石油与天然气的勘探与生产","LU1917777945.USD":"安联专题基金Cl AT Acc","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","BK4129":"建筑与工程","LU0971096721.USD":"富达环球金融服务 A","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","BK4588":"碎股","IEA":"Infrastructure and Energy Alternatives, Inc.","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","WTI":"W&T海底钻探","BK4112":"金融交易所和数据","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","BK4570":"地缘局势概念股","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC"},"translate_title":"今日WTI油价：3月16日原油会收于100美元以上吗？特朗普的霍尔木兹联盟和哈格岛威胁成为焦点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ICE":1,"IEA":1,"WTI":1.5},"content_text":"Oil prices remained elevated on Monday as President Donald Trump threatened to strike Iran’s crude export facilities on Kharg Island and the war heads toward its third week, with the Strait of Hormuz still closed.\nThe Kalshi prediction market crowd has one blunt question on the table: Does WTI close above $100?\nThe bet resolves against the Intercontinental Exchange (ICE) front-month WTI settlement price — the official end-of-day price published each afternoon by the Intercontinental Exchange, the benchmark the entire oil market uses. Above $99.99 at settlement, YES wins. Below it, NO wins. \nAt 3.40 AM ET, WTI futures were trading at $100.37 a barrel, up 1.68%, after earlier climbing as high as $102.40 a barrel to their highest level since July 2022. \nThe Kalshi crowd is leaning YES — but not convincingly. The YES contract on a close above $99.99 is trading at ¢66, implying a 59% probability that WTI settles above $100. The crowd is also pricing a 56% chance of closing above $101 and a 42% chance of pushing past $102 — suggesting traders believe $100 holds, but a sustained breakout higher remains far from certain. Kalshi stops taking new bets at 2:30 PM ET.\nTrump demanded on Sunday that seven countries join an international coalition aimed at policing the chokepoint Strait of Hormuz, and is also reportedly weighing a seizure of Kharg Island — Iran’s critical oil depot — if tankers remain bottled up in the Persian Gulf. About 90% of Iran’s oil exports ship from Kharg. \nThe Strait of Hormuz linking the Persian Gulf with global markets has remained effectively shut since the conflict began, with Iran’s new supreme leader vowing to keep the waterway closed if hostilities continue. \nIran is blocking Gulf countries from exporting their oil while allowing tankers carrying Iranian crude to pass freely, keeping the supply shock alive as long as the war does. WTI crude has surged nearly 50% since the war began, from around $67 a barrel on February 28 to above $100 by mid-March. \nLate Friday, Trump said he held off on striking Kharg’s oil facilities and called for Iran to reopen the Strait of Hormuz, and any hint of diplomatic progress could collapse prices fast. \nPrices are currently holding firm despite a coordinated emergency release of 400 million barrels from strategic reserves across more than 30 countries — the largest such intervention in history. \nThe U.S. alone is contributing 172 million barrels from its Strategic Petroleum Reserve. The Paris-based International Energy Agency (IEA), which is overseeing the effort, said on Sunday Asian nations began releasing supplies immediately, with Americas and European stockpiles flowing by the end of March.\nImage via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2619584804","isCrawlerRequest":true}