Oil prices decline after nearly hitting $120 as Trump says U.S. considering taking over Strait of Hormuz

2026-03-09 20:17 •
Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz
Read More Here: https://www.cnbc.com/2026/03/08/crude-oil-prices-today-iran-war.html