Home/Daily Brief/Oil Prices Surge 60% as Strait of Hormuz Closure D...ECONOMICRELEVANCE 10/10LEAD STORYOil Prices Surge 60% as Strait of Hormuz Closure Disrupts Global Energy FlowMarch 31, 2026·1 min read·Financial Times - WorldBottom LineMiddle East conflict triggers biggest crude rally in decadesLoading...From This BriefMIDDLE EASTAmerican Journalist Kidnapped in Baghdad, US Working with Iraqi AuthoritiesCYBERIran Threatens Retaliation Against 18 US Tech CompaniesDOMESTICDOJ Dropped 23,000 Criminal Cases During Immigration Enforcement PivotISRAELPentagon Won't Say What U.S. Troop Movements Mean for Israel Ground WarCRIMEMistrial in FirstEnergy Exec Trial Shows Why Corporate Corruption Cases Are Hard to Close← Back to Today's Brief