Crude oil prices surge to April highs following Strait of Hormuz blockades
Crude oil experienced its most significant daily price increase since April after both Iran and the United States declared they would reinstate blockades at the Strait of Hormuz. West Texas Intermediate (WTI) climbed toward $80 per barrel, while Brent crude traded close to $85 per barrel. These developments follow Donald Trump’s demand that the U.S. receive a 20% fee on all cargo shipments.
by shortkt.com✓