The Strait of Hormuz was closed and prices of crude oil and gasoline rose by three weeks

WITH THE CLOSING OF THE STRAIT OF HORMUZ, THE DELIVERY OF WTI CRUDE OIL (CLU26) TODAY ROSE BY $0.80 (+0.95 PER CENT) IN SEPTEMBER, WHILE THE DELIVERY OF RBB GASOLINE (RBU26) IN SEPTEMBER INCREASED BY $0.0232 (+0.71 PER CENT). THE PRICE OF CRUDE OIL AND GASOLINE CONTINUED TO REBOUND STRONGLY ON MONDAY, REACHING A NEW THREE-WEEK HIGH, AS THE CONTINUED DEADLOCK BETWEEN THE UNITED STATES AND IRAN OVER CONTROL OVER THE STRAIT OF HORMUZ RESTRICTED THE SUPPLY OF CRUDE OIL。