Oil prices rise anew after a US-Iran standoff in the Strait of Hormuz strands tankers

Apr 19, 2026, 10:45 PM

NEW YORK (AP) — 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 increased 6.4% to $87.88 per barrel after trading resum...

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