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The Persian Gulf waterway was closed again after Iran reversed a decision to reopen the strait and President Donald Trump said a US Navy blockade of Iranian ports remains in effect.
US benchmark crude gained 5.6% to $87.20 a...
A standoff between Iran and US has prevented tankers from using the Strait of Hormuz
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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...
MONEY
Gas prices poised to fall as oil plunges on Strait of Hormuz reopening, but full relief could take months
Apr 17, 2026, 2:45 PM
A photo of gas prices in Seattle. (Photo: Jason Rantz, Seattle Red)
(Photo: Jason Rantz, Seattle Red)
BY JON REPP,...