Crude Oil Prices Supported by Closure of Hormuz Strait

Crude oil prices rose slightly amid ongoing tensions in the Middle East and a closed Strait of Hormuz, which has kept global supplies tight. However, gains were limited due to a stronger U.S. dollar and potential OPEC+ production increases later this year.

By Rich Asplund Thu, May 14, 2026 at 10:19 PM GMT+3 5 min read · Yahoo Finance · May 14, 2026, 19:19 UTC

Crude Oil Prices Supported by Closure of Hormuz Strait

Topics: crude oil geopolitical tensions OPEC+ Strait of Hormuz

Read the full article at Yahoo Finance

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