Oil prices extend gains after record monthly rally as Iran war fuels supply worries [CNBC]
International Business Machines Corporation (IBM)
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Key Points Brent contract for June delivery was up 1.5% at $105.56 a barrel as of 9:50 ET. UU.S. crude oil for May was up 1.5% at $102.92 a barrel. Trump said he expected the U.S. military forces to leave Iran in “two or three weeks” and appeared to be declaring victory on the state of the war. In this article Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Crude prices extended gains during Asia trading as escalating attacks in the Persian Gulf and U.S. President Donald Trump 's signals on exiting the Iran conflict, even as the Strait of Hormuz remains largely closed,keep markets on edge. Brent contract for June delivery was up 1.5% at $105.56 a barrel as of 9:50 ET — prices surged more than 60% in March, in their strongest ever monthly rally dating back to 1988, with the May contract settling about 5% higher on Tuesday at $118.35 per barrel. U.S. crude oil for May was up 1.5% at $102.92 a barrel, with prices soaring abo
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