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Oil prices rise as Strait of Hormuz disruption fuels supply fears
short by / on Thursday, 5 March, 2026
Oil prices rose on Thursday as concerns grew over a prolonged disruption to energy flows through the Strait of Hormuz amid the widening US-Iran war. Brent climbed above $83 a barrel while WTI gained over 2%. Supply risks increased as shipping stalled and Iraq cut output, though analysts say logistics, not production capacity, is the main constraint.