Crude oil contracts were solidly higher around midday Wednesday following new strikes between the U.S. and Iran, testing a fragile cease-fire and dimming the chance of reopening the Strait of Hormuz anytime soon.

Oil prices sharply rose on Monday afternoon as Iran suspended all indirect talks with the US and vowed to fully close the Strait of Hormuz.

Crude futures traded mixed midday Tuesday as markets weighed conflicting signals surrounding U.S.-Iran negotiations.

Crude oil contracts were solidly higher around midday Wednesday following new strikes between the U.S. and Iran, testing a fragile cease-fire and dimming the chance of reopening…

Oil futures fell midday Thursday after reports that the White House intends to maintain its cease-fire with Iran.

Crude oil and diesel futures were moving lower Friday morning but remain on track to end the week with gains while gasoline futures were seeing increases.