Oil went over $100 again after the U.S. admitted it cannot control the Strait of Hormuz

Good morning. In today’s Fortune: Global selloff in the markets as oil goes over $100 again. The U.S. Navy admits it is afraid to sail into the Strait of Hormuz. Oman evacuated its Mina Al Fahal terminal. A set of storage tanks in Bahrain were torched overnight. In Asia, gov...

🔗 Read more: https://fortune.com/2026/03/12/oil-price-100-barrel-the-strait-of-hormuz/

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