Oil jumps 4% as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping

Oil prices jumped 4% on Tuesday as uncertainty lingered over a U.S.-led coalition to protect shipping through the Strait of Hormuz.

# Oil jumps 4% as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping Oil prices jumped 4% on Tuesday as uncertainty lingered over a U.S.-led coalition to protect shipping through the Strait of Hormuz. **Read the full article:** [CNBC](https://www.cnbc.com/2026/03/17/oil-prices-wti-brent-hormuz-coalition-shipping-trump.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*