Crude oil prices have edged higher on Monday as the delay in reopening of the Strait of Hormuz persists despite assurance by the U.S. President Donald Trump as reports emerge on Iran taking a hardline stance.
WTI Crude Oil for July month delivery was last seen trading up by $0.52 (or 0.57%) at $91.06 per barrel.
Over the past few weeks, U.S. and Iranian negotiators exchanged draft agreements for a Memorandum of Understanding which included immediate reopening of the Strait of Hormuz.
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Market Analysis
Crude Oil Advances As Reopening Of Strait Of Hormuz Drags On
2026-06-08 18:50:08
