Oil prices rise anew amid a US-Iran standoff in the Strait of Hormuz
- Posted on April 19, 2026
- By The Toronto Star
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- 1 min read
In brief
Geopolitical tensions between the United States and Iran have escalated dramatically, causing significant disruption to global energy markets. The standoff in the Strait of Hormuz, a critical maritime passage for international oil shipments, has triggered immediate upward pressure on crude prices. Analysts warn that prolonged restrictions on tanker transit through this strategic chokepoint could intensify supply concerns and create substantial volatility in petroleum markets worldwide.
Oil prices rise anew amid a US-Iran standoff in the Strait of Hormuz
NEW YORK (AP) — Oil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf
