Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
- Posted on May 26, 2026
- By CNBC
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- 1 min read
Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
Prolonged closure of Strait of Hormuz could send crude oil prices to new highs this summer.
