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Oil claws back losses as Strait of Hormuz is closed again

Posted on April 20, 2026
By Business News Today
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1 min read

Oil claws back losses as Strait of Hormuz is closed again

Brent crude futures jumped $6.11, or ‌6.76%, to $96.49 ⁠a barrel ⁠by 2327 GMT and U.S. West Texas Intermediate was at $90.38 a barrel, up $6.53, or 7.79%.