Business

Strait of Hormuz Closure Could Drive Oil Prices Higher

Updated 2026-05-26 20:05 UTC 1 source Negative

Prolonged closure of the Strait of Hormuz could send crude oil prices to new highs this summer, according to Piper Sandler.

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CNBC
Prolonged closure of Strait of Hormuz could send crude oil prices to new highs this summer.
2026-05-26 19:43 UTC
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