Crude Prices Soar as Iran War Keeps Strait of Hormuz Closed
Yahoo Finance·2026-04-03 03:17
Concerns that the Iran war could widen throughout the Middle East are also bullish for crude prices. Saudi Arabia agreed to give the US military access to King Fahd Air Base, and the UAE said Iranian nationals aren't allowed to enter or transit the country. Iran's Middle Eastern neighbors are growing frustrated with Iran, which has responded to US and Israeli attacks by hitting targets in several nearby nations.The Strait of Hormuz remains essentially closed, limiting global oil supplies and boosting crude ...