{"id":74145,"date":"2026-06-03T18:39:05","date_gmt":"2026-06-03T18:39:05","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/06\/03\/crude-oil-surges-as-new-flare-up-in-gulf-delays-strait-of-hormuz-reopening\/"},"modified":"2026-06-03T18:39:05","modified_gmt":"2026-06-03T18:39:05","slug":"crude-oil-surges-as-new-flare-up-in-gulf-delays-strait-of-hormuz-reopening","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/06\/03\/crude-oil-surges-as-new-flare-up-in-gulf-delays-strait-of-hormuz-reopening\/","title":{"rendered":"Crude Oil Surges As New Flare-up In Gulf Delays Strait Of Hormuz Reopening"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Extending two days of gains, crude oil prices have soared on Wednesday as fresh military strikes in the Middle East renew war concerns while U.S. and Iran peace talks are still in limbo, thereby leaving the Strait of Hormuz blocked for oil and energy trade.<\/p>\n<p>WTI Crude Oil for July month delivery was last seen trading up by $2.31 (or 2.46%) at $96.07 per barrel.<\/p>\n<p class=\"fade-paragraph\">As the gulf war entered day number 96 today, expectations on a positive signal on a U.S.-Iran agreement diminished after reports of fresh military strikes in the Middle East.<\/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 available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.<\/p>\n<p>Start Free Trial<\/p>\n<p>FREE 7-Day Trial &#8211; No Payment Required<\/p>\n<\/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 Surges As New Flare-up In Gulf Delays Strait Of Hormuz Reopening<\/a><br \/>\n<br \/>2026-06-03 18:39:05<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Extending two days of gains, crude oil prices have soared on Wednesday as fresh military strikes in the Middle East renew war concerns while U.S. and Iran peace talks are&#8230;<\/p>\n","protected":false},"author":2,"featured_media":74146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-74145","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/74145","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=74145"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/74145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/74146"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=74145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=74145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=74145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}