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The Economic Times

Business / The Economic Times

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Crude futures turn positive on continued Hormuz closure

Oil prices are rising as the Strait of Hormuz remains shut. Analysts are watching for weekend developments in the ongoing war. The US has issued a license for countries to buy Russian oil, aiming to stabilize markets. The US and International Energy Agency plan to release oil from reserves. Concerns grow about potential damage to oil infrastructure.

14 Mar 2026 11:19 am