Crude oil prices have surged on Monday, extending the gains from the two previous sessions as the U.S. administration takes time to respond to Iran’s new peace proposal while the uncertainty surrounding reopening of the Strait of Hormuz holds.WTI Crude Oil for June month delivery was last seen trading up by $3.27 (or 3.10%) at $108.69 per barrel.As the U.S.-Israel versus Iran war entered day numbe…
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Market Analysis
Crude Oil Soars As U.S. Delays Responding To Iran’s Peace Plan
2026-05-18 18:44:04
