Rebounding from Friday's losses, crude oil has skyrocketed on Monday as U.S.-Iran tensions grow deeper despite the ongoing diplomatic efforts to end the war, while the Strait of Hormuz blockade continues to hold oil transit.
WTI Crude Oil for June month delivery was last seen trading up by $4.00 (or 3.92%) at $105.94 per barrel.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.