Extending gains from yesterday’s session, crude oil prices have catapulted on Friday after the U.S.-China summit ended with no announcement on the likelihood of China liaising with Iran to end the gulf war, leaving the Strait of Hormuz blockade to continue.WTI Crude Oil for June month delivery was last seen trading up by $4.18 (or 4.13%) at $105.35 per barrel.The much-awaited U.S.-Iran summit conc…
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Market Analysis
Crude Oil Skyrockets As Strait Of Hormuz Shutdown Continues
2026-05-15 18:36:35
