Oil prices inch below $105 as Trump calls for Hormuz intervention help
March 16, 2026
(Investing) – Oil prices edged down from $105 a barrel on Monday, as markets assessed a request from U.S. President Donald Trump for other countries to help restore shipping through the Strait of Hormuz. Brent oil futures — the global benchmark — fell 1.2% to $101.91 a barrel, while U.S. West Texas Intermediate crude futures declined 2.8% to $94.09 a barrel by 11:20
