HONG KONG, March 17, 2026 (BSS/AFP) - Oil prices resumed their push higher Tuesday as several countries pushed back against Donald Trump's demand that they help secure the key Strait of Hormuz, while Iran continued to target crude-producing neighbours. Still, equities extended Monday's gains as tech firms rallied after Nvidia said it expected to make at least $1 trillion in revenue through the end of 2027. With the crisis showing no sign of ending soon, both main crude contracts rose more than two percent to sit around $100. Traders were also cheered by news from monitor Marine Traffic that a Pakistani oil tanker became the first non-Iranian tanker to transit Hormuz with its automatic transponder system activated. And a drone and rocket attack targeted the US embassy in Baghdad early Tuesday, a security official said.

Source: Bangladesh Sangbad Sangstha March 17, 2026 03:03 UTC