Commodities
Oil prices climb as Trump pledge to protect shipping fails to reassure
By Abigail Townsend
Date: Wednesday 04 Mar 2026
(Sharecast News) - Oil prices continued to climb on Wednesday, despite Donald Trump insisting the US Navy would protect a critical shipping route in the Middle East.
Oil and gas prices both surged after the US attacked Iran over the weekend, leading to the outbreak of escalating hostilities across the region.
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