Oil prices spike again following latest standoff in the Strait of Hormuz

PBS — Apr 19, 23:07 PM

The ongoing conflict with the U.S. and Iran prevented tankers from passing through.

The price of U.S. crude oil increased 6.4% to $87.88 per barrel after trading resumed on the Chicago Mercantile Exchange.

The price of Brent crude, the international standard, climbed 6.5% to $96.25 per barrel.

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Oil prices surge on war

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