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Oil prices and stocks climb as the US-Iran standoff keeps the Strait of Hormuz in limbo

Apr 20, 2026 - US

Oil prices climbed more than 5% while Asian shares also advanced Monday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz. The Persian Gulf waterway was closed again after Iran reversed a decision to reopen the strait and President Donald Trump said a U.S. Navy blockade of Iranian [...]