Oil prices, stocks climb as U.S.-Iran standoff keeps Strait of Hormuz in limbo

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U.S. benchmark crude gained 5.6% to $87.20 a barrel, portion Brent crude, the planetary standard, was up 5.3% astatine $95.16 a barrel.

Published - April 20, 2026 10:50 americium IST - Hong Kong

Image utilized for representational purposes only. | Photo Credit: AP

Oil prices climbed much than 5% portion Asian shares besides precocious Monday (April 20, 2026) arsenic a standoff betwixt Iran and the U.S. prevented tankers from utilizing the Strait of Hormuz.

The Persian Gulf waterway was closed again aft Iran reversed a determination to reopen the strait, and President Donald Trump said a U.S. Navy blockade of Iranian ports remains successful effect.

Published - April 20, 2026 10:50 americium IST

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