After Iranian attacks on infrastructure and tankers had disrupted supplies, pushing Brent above $114 per barrel earlier in March and stoking fears of a broader energy crisis, prices crashed after reports emerged of US President Donald Trump considering military action to seize control of the Strait, aiming to restore open access and avert a blockade.

Oil prices nosedive amid US Hormuz intervention signals

WTI drops to $86.55, down 8.67%; Brent at $89.80, down 9.26% drop; Murban down 7.28%

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