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Oil prices climb to $110 as Trump's Iran deadline extension fails to allay supply fears

Oil prices traded higher after U.S. President Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.

1 report1 sourceMar 27, 2026, 10:13 AM
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CNBCMar 27, 2026, 10:13 AM

Oil prices climb to $110 as Trump's Iran deadline extension fails to allay supply fears

Oil prices traded higher after U.S. President Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.

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