Crude oil surges above USD 103 barrel as Iran warns Strait of Hormuz may not return to pre-war status

New Delhi [India], March 18 (ANI): Crude oil prices in the international markets surged again to as high as USD 103 per barrel on Wednesday after Iranian parliamentary speaker Mohammad Baqer Qalibaf indicated that the situation in the Strait of Hormuz would not return to normal. These remarks have heightened uncertainty over the safe passage of vessels through the crucial energy corridor.