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Home » Oil prices rise anew amid a US-Iran standoff in the Strait of Hormuz – UK Times
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Oil prices rise anew amid a US-Iran standoff in the Strait of Hormuz – UK Times

By uk-times.com19 April 2026No Comments1 Min Read
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Oil prices rise anew amid a US-Iran standoff in the Strait of Hormuz – UK Times
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Oil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies.

The price of U.S. crude oil jumped 6.4% to $87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 6.5% to $96.25 per barrel.

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