{"id":77351,"date":"2026-08-19T18:44:23","date_gmt":"2026-08-19T18:44:23","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/08\/19\/crude-oil-surges-amid-deepening-u-s-iran-standoff-leaving-strait-of-hormuz-effectively-shut\/"},"modified":"2026-08-19T18:44:23","modified_gmt":"2026-08-19T18:44:23","slug":"crude-oil-surges-amid-deepening-u-s-iran-standoff-leaving-strait-of-hormuz-effectively-shut","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/08\/19\/crude-oil-surges-amid-deepening-u-s-iran-standoff-leaving-strait-of-hormuz-effectively-shut\/","title":{"rendered":"Crude Oil Surges Amid Deepening U.S.-Iran Standoff Leaving Strait Of Hormuz Effectively Shut"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Extending the three previous sessions of gains, crude oil prices have soared on Wednesday with expectations for a diplomatic breakthrough in the ongoing U.S.-Iran crisis fading while the closure of Strait of Hormuz continues, intensifying supply disruption concerns for a protracted period.<\/p>\n<p>WTI Crude Oil for September month delivery was last seen trading up by $1.18 (or 1.39%) at $86.12 per barrel.<\/p>\n<p class=\"fade-paragraph\">The Memorandum of Understanding signed between the U.S. and Iran on June 17 expired on Monday. The MoU offered a 60-day truce for both the nations to explore peaceful measures to end their mutual hostilities.<\/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 Amid Deepening U.S.-Iran Standoff Leaving Strait Of Hormuz Effectively Shut<\/a><br \/>\n<br \/>2026-08-19 18:44:23<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Extending the three previous sessions of gains, crude oil prices have soared on Wednesday with expectations for a diplomatic breakthrough in the ongoing U.S.-Iran crisis fading while the closure of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":77352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-77351","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/77351","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=77351"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/77351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/77352"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=77351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=77351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=77351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}