CNBC Daily Open: Oil jitters persist as U.S. targets Iranian ships near Strait of Hormuz ⊖
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2026 › March › 11
Daily Open
3 months ago
Oil was slightly higher as traders expect a group of countries to tap emergency crude reserves to mitigate disruption caused by the war in the Middle East.
CNBC Daily Open: Traders on edge despite reserve hopes ⊖⊖
Oil closed more than 11% lower, signaling that traders are betting the war won’t last long and the Strait of Hormuz will be reopened.
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