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Iran-US-Israel War Live: Pakistani Killed in Abu Dhabi, FIFA Urged to Move Games, Oil Prices Soar Amid Conflict
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Hormuz Crisis Deepens: Iran-US-Israel War Fuels Oil Surge, Europe Resists Trump
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CNBC TV18
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17-03-2026, 11:33
Hormuz Crisis Deepens: Iran-US-Israel War Fuels Oil Surge, Europe Resists Trump
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President Trump demanded allies help secure the Strait of Hormuz, shut by Iran in response to US-Israeli attacks.
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European powers pushed back on a possible mission to reopen the vital waterway.
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Global oil prices surged 40-50% due to Iran's attacks on shipping and missile/drone strikes in the Gulf.
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The conflict, launched by the US and Israel on February 28, has spread to Lebanon.
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Israeli forces conducted strikes and a "limited" ground incursion in Lebanon, prompting Western warnings against large-scale operations.
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