Crude Prices Soar on Prospects for Prolonged Closure of Hormuz

Written on 04/29/2026
Rich Asplund

June WTI crude oil (CLM26 ) today is up +5.18 (+5.18%), and June RBOB gasoline (RBM26 ) is up +0.1502 (+4.38%). Crude oil and gasoline prices extended this week's sharp rally today, with crude oil posting a 2-week high and gasoline posting a 3.75-year high. Crude prices continue to climb...Strait of Hormuz by artemegorovv via Shutterstock
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