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Oil prices rise after Iran restricts access to Strait of Hormuz and ceasefire nears expiration

todayApril 19, 2026

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Oil prices climbed Sunday after Iran once again blocked the passage of most ships through the Strait of Hormuz, a key waterway for one-fifth of the world’s crude.

Oil prices climbed Sunday after Iran once again blocked the passage of most ships through the Strait of Hormuz, a key waterway for one-fifth of the world’s crude.

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