Finance

The key global oil contract tops $115 as Strait of Hormuz impasse continues

Oil futures rallied further Wednesday, with the key contract nearing its highs reached in the early days of the Iran war with little progress made on getting oil tankers through the Strait of Hormuz.

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MarketWatch
April 29, 2026·1 min read
The key global oil contract tops $115 as Strait of Hormuz impasse continues

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Oil futures rallied further Wednesday, with the key contract nearing its highs reached in the early days of the Iran war with little progress made on getting oil tankers through the Strait of Hormuz.

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The key global oil contract tops $115 as Strait of Hormuz impasse continues

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