Rebounding from three straight sessions of losses, crude oil prices have soared on Wednesday as the Strait of Hormuz is yet to reopen despite mediatory efforts by Pakistan and Qatar to end the U.S.-Iran war. Investors also await U.S. moves after Iran and Oman reached an agreement to create a temporary corridor in the critical waterway.
WTI Crude Oil for October month delivery was last seen trading up by $1.35 (or 1.64%) at $83.58 per barrel.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial – No Payment Required
Market Analysis
Crude Oil Surges Amid Strait Of Hormuz Closure While Qatar Renews Mediatory Efforts
2026-08-27 18:39:22
