Oil Inches Lower on U.S Military Efforts to Reopen Strait of Hormuz -- Market Talk
Dow Jones03-20 21:43
0943 ET - Crude oil futures are inching lower despite word that Kuwait's Mina Al-Ahmadi oil refinery was struck again by Iranian drones. "Markets are closely monitoring efforts aimed at restoring supply flows, including a potential reopening of the Strait of Hormuz, easing sanctions on major oil producers, and the release of strategic reserves, which could play a key role in stabilizing the market," says Frank Walbaum of Naga in a note. Walbaum notes that fresh war headlines will likely introduce new volatility into prices to close out the week. Light crude and Brent crude are both down 0.2%. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 09:43 ET (13:43 GMT)
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