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Crude oil slips after three day rise as Hormuz stays shut and U S China talks loom
Economy
Published on 13 May 2026
Hormuz is “effectively shut” — markets fear supply shocks
Crude oil prices dipped after a three-day climb as traders weighed a fragile Iran ceasefire and expectations ahead of a U.S.-China summit. Despite the pullback, analysts say the Strait of Hormuz is still effectively shut, constraining supply and keeping inflation risks high. If disruptions continue, further price surges remain possible.
- Crude fell after a three-day rise driven by shifting geopolitics
- Traders are watching the Iran ceasefire and an upcoming U S China summit
- Strait of Hormuz is effectively shut, tightening global supply
- Analysts warn prolonged disruptions could push oil higher and lift inflation
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times