OIL SURGES AS HORMUZ DISRUPTION TIGHTENS SUPPLY Oil prices are climbing as the Iran conflict looks set to extend into April, with attacks ongoing and traffic through the Strait of Hormuz largely stalled. Around 8 million barrels per day remain offline, sharply tightening global supply, according to Saxo Bank’s Ole Hansen, with further pressure as tanker deliveries run out. Brent nears $111 a barrel and WTI tops $96, putting March on track for a record monthly gain.(*Walter Bloomberg)