Oil eases amid signs Iran is allowing some tankers to pass through Strait of Hormuz

Global oil prices fell sharply on Monday after a Pakistan-bound oil tanker passed through the Strait of Hormuz with its transponder on. The decline came even as countries have so far rebuffed Donald Trump's request to send warships to escort vessels through the waterway. Meanwhile, the International Energy Agency said its members could unlock more oil from their strategic reserves after agreeing to jointly release a record 400 million barrels from their emergency stockpiles. 

Mar 17, 2026 - 08:00
18216
Oil eases amid signs Iran is allowing some tankers to pass through Strait of Hormuz
Global oil prices fell sharply on Monday after a Pakistan-bound oil tanker passed through the Strait of Hormuz with its transponder on. The decline came even as countries have so far rebuffed Donald Trump's request to send warships to escort vessels through the waterway. Meanwhile, the International Energy Agency said its members could unlock more oil from their strategic reserves after agreeing to jointly release a record 400 million barrels from their emergency stockpiles. 
Original Post >>    

This article has been sourced from various publicly available news platforms around the world. All intellectual property rights remain with the original publishers and authors. Unshared News does not claim ownership of the content and provides it solely for informational and educational purposes voluntarily. If you are the rightful owner and believe this content has been used improperly, please contact us for prompt removal or correction.