Oil Rises as U.S., Iran Exchange Threats -- Market Talk

Dow Jones03-23

0754 GMT - Oil prices rise as the U.S. and Iran threaten to widen their targets and escalate the war, with President Trump giving Tehran a deadline to reopen the Strait of Hormuz. Brent crude rises 1.5% to $113.88 a barrel, while WTI is up 3.5% to $98.06 a barrel. Trump said Iran must "fully open" the waterway by Monday evening Washington time, or its power plants will be hit. Meanwhile, Tehran said it would attack key infrastructure across the Middle East if Trump followed through. "With production and exports heavily constrained, investors are sensitive to any threats to supply that could drag on the post-conflict recovery," analysts at BMI say. Brent could reach the $110-$130 a barrel range over the next one-to-two weeks if the conflict drags on, they add. (giulia.petroni@wsj.com)

 

(END) Dow Jones Newswires

March 23, 2026 03:54 ET (07:54 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment