Oil Surges 7% on Hormuz Blockade, U.S. Gulf Tanker Rush — 3 Stocks to Buy Now - 24/7 Wall St.
business 2026/04/12 15:59:36

Oil Surges 7% on Hormuz Blockade, U.S. Gulf Tanker Rush — 3 Stocks to Buy Now - 24/7 Wall St.

Source:24/7 Wall St.
Author:Rich Duprey

Oil prices are jumping 7% as President Trump orders a blockade of the Strait of Hormuz, tightening global supply. At the same time, empty tankers originally bound for the Middle East have rerouted to U.S. Gulf Coast ports, snapping up domestic crude and givin…