Oil prices top $103 as U.S. allies reluctant to escort tankers in Strait of Hormuz

• Oil prices rose as doubts lingered over a U.S.-led coalition to protect shipping through the Strait of Hormuz.
• President Donald Trump suggested that the coalition was not fully in place as he urged other countries to get involved.

Oil prices rose more than 2% on Tuesday, as doubts grow that President Donald Trump will organize a meaningful coalition to escort tankers through the Strait of Hormuz.

Source: https://www.cnbc.com/2026/03/17/oil-prices-wti-brent-hormuz-coalition-shipping-trump.html