LONDON, March 6, 2026 (BSS/AFP) - Oil prices pushed higher while stocks dropped on Thursday as investors tracked developments on the sixth day of the Middle East war. Tehran also effectively shut down the Strait of Hormuz, through which a fifth of the world's crude oil and liquefied natural gas travel, sending prices soaring. Iran said it had hit an oil tanker in the Gulf with a missile on Thursday, setting the vessel on fire. "In theory, such assurances should provide stability to markets that are sensitive to disruptions in oil supply," said Forex.com analyst Fawad Razaqzada. Energy intelligence firm Kpler said Wednesday oil tanker transits through the Strait had dropped by 90 percent from last week.

Source: Bangladesh Sangbad Sangstha March 06, 2026 04:16 UTC