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Event Brief

Oil in Oman Surges Above $150 Amid Supply Crisis

The closure of the Strait of Hormuz has led to soaring oil prices as buyers scramble for Gulf barrels.
WHO: Oman
WHAT: Oil prices soar above $150
WHEN: Mar 17, 2026 at 2:33 PM ET
WHERE: Oman
WHY: Closure of the Strait of Hormuz causing supply dislocation

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