Oil Rally Deepens as Trump Seeks Global Help to Reopen Hormuz
Oil prices rose above $106 a barrel as Trump urged nations to escort ships through the Strait of Hormuz, a chokepoint that handles about one-fifth of global oil. With limited country commitments and only a few ships passing daily versus the prewar average, the disruption has been described by the IEA as the largest in energy history, fueling inflation and growth concerns.