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Geopolitical Score 95 Bullish

Crude Oil Prices Rally as Strait of Hormuz Remains Closed

Mar 31, 2026 15:31 UTC
CL=F, ^VIX, XOM
Immediate term

Global crude oil prices have climbed sharply as the Strait of Hormuz remains closed, intensifying concerns over supply disruptions. The energy market is closely monitoring the situation for further developments.

  • Strait of Hormuz closure disrupts oil supply
  • Crude oil prices rally sharply

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