https://www.taxtmi.com/news?id=71450 Crude oil prices surged after the Iran war disrupted production and maritime transit through the Strait of Hormuz, impeding tanker movement and prompting output cuts by producers as storage tanks filled. Attacks on oil and gas facilities and depots further reduced exports, transmitting supply shocks into elevated crude and natural gas prices, higher retail fuel costs, intensified market volatility, and upward pressure on inflation, with major buyers potentially seeking alternative suppliers. en-us Mon, 09 Mar 2026 12:16:04 +0530 Mon, 09 Mar 2026 12:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71450 Crude oil prices surged after the Iran war disrupted production and maritime transit through the Strait of Hormuz, impeding tanker movement and prompting output cuts by producers as storage tanks filled. Attacks on oil and gas facilities and depots further reduced exports, transmitting supply shocks into elevated crude and natural gas prices, higher retail fuel costs, intensified market volatility, and upward pressure on inflation, with major buyers potentially seeking alternative suppliers. News - Mon, 09 Mar 2026 12:16:04 +0530 https://www.taxtmi.com/news?id=71450