Crude oil prices jumped today, June 20, on popular perpetual futures marketplaces like Hyperliquid and Aster, after Iran announced the sudden closure of the Strait of Hormuz.
WTI jumped to $79, while Brent rose to $82.
The two popular benchmarks have risen by 7% from their lowest levels this month.
Crude Oil Price Jumps as Iran Closes the Strait of Hormuz Iran has closed the Strait of Hormuz, citing the ongoing skirmishes in Lebanon and Gaza.
This closure happened after Israel continued its strikes against Lebanon, killing at least 16 people.
