Oil Rises as Strait of Hormuz Remains Closed
Oil rose in early trade amid the ongoing closure of the Strait of Hormuz. “The closure of the Strait of Hormuz remains the decisive factor,” Commerzbank Research said.
Hormuz blockade hits fuel prices
- Oil prices reach $105 as Iran and US tighten grip on Strait of Hormuz The Independent —
- British retail sales rose 0.7% in March as motorists stocked up on petrol Financial Times —
- UK motorists' fuel dash as Iran war boosts retail sales RTE —
- Goldman Says Persian Gulf Oil Supply Is 57% Below Pre-War Levels Bloomberg —
- Retail sales jump as motorists stock up on fuel City AM —