Oil prices fall amid attacks on Gulf export facilities

LONDON, Mar 16 (Reuters): Oil prices fell on Monday amid attacks on Gulf oil production and US President Donald Trump's call for global efforts to secure the Strait of Hormuz.

Brent crude futures were down 92 cents at $102.22 a barrel by 1248 GMT while US West Texas Intermediate crude was down $3.45, or 3.5 per cent, to $95.26.

Both contracts have surged more than 40 per cent this month to their highest since 2022, after the US-Israeli attacks on Iran prompted Tehran to halt shipping through the Strait of Hormuz, a critical waterway for a fifth of global oil and LNG supplies.