Hormuz Strait Still Blocked, International Oil Prices Surge Sharply

Published at Apr 20, 2026 10:52 am
Due to continued shipping disruptions in the Strait of Hormuz and unclear prospects for a second round of talks between the US and Iran, market risk aversion has risen again, causing international oil prices to surge sharply late on the 19th as the new trading week began.

According to Xinhua News Agency, as of 7:15 p.m. Eastern Time, the price of light crude oil futures for May delivery on the New York Mercantile Exchange was $89.85 per barrel, up 7.16% from the previous trading day's closing price. At the same time, June delivery Brent crude oil futures rose to $95.68 per barrel, up 5.86% from the previous trading day's closing price.

Due to disappointed market optimism, all three major U.S. stock futures indexes fell by more than 0.5% at the start of the new trading week on the 19th. At the same time, international gold and silver futures prices fell by about 1.7% and 2.7%, respectively.

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联合日报newsroom


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