economy
April 9, 2026
Oil Back at $100
U.S. oil futures returned to $100 a barrel today, as a truce with Iran has not yet resulted in the full reopening of the Strait of Hormuz.
TL;DR
- U.S. oil futures have reached $100 per barrel.
- A truce with Iran has not yet reopened the Strait of Hormuz.
- The Strait of Hormuz remains partially closed, impacting oil prices.