{"id":73405,"date":"2026-05-15T18:36:35","date_gmt":"2026-05-15T18:36:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/05\/15\/crude-oil-skyrockets-as-strait-of-hormuz-shutdown-continues\/"},"modified":"2026-05-15T18:36:35","modified_gmt":"2026-05-15T18:36:35","slug":"crude-oil-skyrockets-as-strait-of-hormuz-shutdown-continues","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/05\/15\/crude-oil-skyrockets-as-strait-of-hormuz-shutdown-continues\/","title":{"rendered":"Crude Oil Skyrockets As Strait Of Hormuz Shutdown Continues"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p class=\"fade-paragraph\">Extending gains from yesterday&#8217;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&#8230;<\/p>\n<div class=\"paywall-wrapper\">\n<p><i class=\"bi bi-lock-fill\"\/> Subscribe to continue reading the article.<\/p>\n<p>This article is part of our premium content offering.Subscribe with a RTTNews subscription.<\/p>\n<p>Subscribe Now<\/p><\/div>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Crude Oil Skyrockets As Strait Of Hormuz Shutdown Continues<\/a><br \/>\n<br \/>2026-05-15 18:36:35<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Extending gains from yesterday&#8217;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&#8230;<\/p>\n","protected":false},"author":2,"featured_media":73406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-73405","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/73405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=73405"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/73405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/73406"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=73405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=73405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=73405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}