Oil prices rebound 7% as Strait of Hormuz is closed again

Oil prices rebounded ​more than 7% ‌on Monday after tumbling more than ​9% on ​Friday as the Strait ⁠of Hormuz ​closed after the ​U.S. and Iran said that the other ​party has ​violated the ceasefire deal ‌by ⁠attacking ships.

Apr 20, 2026 - 04:00
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Oil prices rebound 7% as Strait of Hormuz is closed again
Oil prices rebounded ​more than 7% ‌on Monday after tumbling more than ​9% on ​Friday as the Strait ⁠of Hormuz ​closed after the ​U.S. and Iran said that the other ​party has ​violated the ceasefire deal ‌by ⁠attacking ships.

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