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  • Oil prices slide as Iran opts for 'porous' Strait of Hormuz

    03/17/2026 8:37:25 AM PDT · by SaxxonWoods · 40 replies
    Investors Business Daily ^ | 3/16/2026 | JED GRAHAM
    Oil prices fell back near $95 a barrel in U.S. futures markets Monday as Iran's Straight of Hormuz strategy became clearer, with the hard-line regime allowing passage of ships bound for Pakistan, India and China. The pullback in oil prices is allowing the S&P 500 to rally on Monday morning even as the U.S. struggles to find partners for an effort to guarantee safe passage through the key shipping route.