By Boluwatife Oshadiya | March 23, 2026 Key Points Main Story Global oil prices climbed sharply on Monday after U.S. President Donald Trump threatened military strikes on Iran’s energy infrastructure, intensifying fears of supply disruptions through the Strait of Hormuz. Brent crude, the international oil benchmark, rose 2.2% to $108.71 per barrel, while U.S. West … Continue reading Oil surges above $108 as Trump threatens Iran energy strikes