Oil prices and stocks climb as the US-Iran standoff keeps the Strait of Hormuz in limbo
Oil prices climbed more than 5% while Asian shares also advanced Monday as a standoff between Iran and the U. S. prevented tankers from using the Strait of Hormuz. The Persian Gulf waterway was closed again after Iran reversed a decision to reopen the strait and President Donald Trump said a U. S. Navy blockade of Iranian ports remains in effect. U. S. benchmark crude gained 5. 6% to $87. 20 a barrel, while Brent crude, the international standard, was up 5. 3% at $95. 16 a barrel. Despite how...
Read MoreMon, 20 Apr 2026
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Sat, 18 Apr 2026
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Fri, 17 Apr 2026
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Mon, 13 Apr 2026
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