{"id":321516,"date":"2026-04-20T05:18:38","date_gmt":"2026-04-19T23:48:38","guid":{"rendered":"https:\/\/ebiztoday.news\/?p=321516"},"modified":"2026-04-20T05:18:38","modified_gmt":"2026-04-19T23:48:38","slug":"oil-prices-rise-as-u-s-iran-standoff-continues-in-strait-of-hormuz-national","status":"publish","type":"post","link":"https:\/\/ebiztoday.news\/index.php\/2026\/04\/20\/oil-prices-rise-as-u-s-iran-standoff-continues-in-strait-of-hormuz-national\/","title":{"rendered":"Oil prices rise as U.S.-Iran standoff continues in Strait of Hormuz &#8211; National"},"content":{"rendered":"<p><\/p>\n<div id=\"article-byline\">\n<div class=\"c-byline__text\">\n<p>\n\t\t\t\t<span>By Wyatte Grantham-phillips<\/span><br \/>\n\t\t\t\t<span class=\"c-byline__source c-byline__source--noName\"><br \/>\n\t\t\t\t\t\t\t\t\t\tThe Associated Press<br \/>\n\t\t\t\t<\/span>\n\t\t\t<\/p>\n<div class=\"c-byline__datesWrapper\">\n<div class=\"c-byline__dates\">\n<p>\n\t\t\t\t\t<span>Posted April 19, 2026 6:47 pm<\/span>\n\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t<strong>1 min read<\/strong>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<div>\n<div class=\"l-article__details\" data-article-socialshare=\"true\">\n<div id=\"article-fontSizer\" class=\"c-fontSizer\">\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--decrease c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Decrease Font\" data-tooltip-title=\"Decrease text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Descrease article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=03zxzk4qx#font-decrease\"><\/use>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--increase c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Increase Font\" data-tooltip-title=\"Increase text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Increase article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=03zxzk4qx#font-increase\"><\/use>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<\/div>\n<\/div>\n<article class=\"l-article__text js-story-text\" aria-label=\"Article text\">\n<p>Oil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that&#8217;s crucial to global energy supplies.<\/p>\n<p>The worth of U.S. crude oil increased 6.4 per cent to US$87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The worth of Brent crude, the international standard, climbed 6.5 per cent to $96.25 per barrel.<\/p>\n<div class=\"c-inlineSignup\" data-newsletter-inline=\"\">\n<div class=\"c-inlineSignup__image\">\n\t\t\t\t\t<img decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/images\/skyline\/national.jpg\" alt=\"Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story.\">\n\t\t\t\t<\/div>\n<div class=\"c-inlineSignup__content\">\n<h2 class=\"c-inlineSignup__title\">Get breaking National news<\/h2>\n<p>Get breaking Canada news delivered to your inbox because it happens so you will not miss a trending story.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>The market response followed greater than two days of growing hopes and dashed expectations involving the strait. Iran, which effectively controls the passage, said Friday that it might fully reopen the passage off its coast to business traffic. Crude prices plunged greater than nine per cent on the news.<\/p>\n<p>Tehran reversed its decision on Saturday, after President Donald Trump said a U.S. Navy blockade of Iranian ports would remain in effect. Over the weekend, Iran\u2019s Revolutionary Guard fired on several vessels. Trump reported the forcible seizure of an Iranian-flagged cargo ship that attempted to get across the blockade.<\/p>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on World<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below commercial<\/p>\n<\/p><\/div>\n<p>The US-Israeli war against Iran, now in its eighth week, has created one in all the worst global energy crises in a long time. Countries in Asia and Europe that import much of their oil from the Middle East have felt essentially the most impact of halted supplies and production cuts, although rapidly rising gasoline, diesel and jet fuel prices are affecting businesses and consumers worldwide.<\/p>\n<\/article>\n<div class=\"l-article__copyright\">\n<p>\n\t\t&#038;copy 2026 The Canadian Press\t<\/p>\n<\/div><\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Wyatte Grantham-phillips The Associated Press Posted April 19, 2026 6:47 pm 1 min read Descrease article font size Increase article font size Oil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that&#8217;s crucial to global energy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":321517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[2254,35584,1903,2667,4604,4247,15349,21282,50426],"class_list":["post-321516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-continues","tag-hormuz","tag-national","tag-oil","tag-prices","tag-rise","tag-standoff","tag-strait","tag-u-s-iran"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/321516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=321516"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/321516\/revisions"}],"predecessor-version":[{"id":321519,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/321516\/revisions\/321519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/321517"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=321516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=321516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=321516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}