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Stock impact report

Oil prices climbing again amid US-Iran standoff in Strait of Hormuz [Yahoo! Finance]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: Yahoo! Finance
Tensions over the Strait of Hormuz sent oil prices climbing again over the weekend. The increases came after Iran closed the vital shipping lane again, and President Trump indicated the U.S. blockade will remain in effect. Energy Secretary Chris Wright predicted drivers will not see $3/gallon gas again until next year. Crude oil prices rose again Sunday as tensions between the U.S. and Iran kept tankers from using the Strait of Hormuz, the vital waterway in the Persian Gulf. Prices jumped 6.4% to $87.90 within an hour of the Chicago Mercantile Exchange's opening on Sunday and stayed in that range for much of the rest of the day. Why you should care Sunday's rebound erased much of the decline posted two days earlier when prices fell more than 9% in the wake of Iran's announcement that it would allow passage through the strait again. The next day, Iran blocked off traffic again and fired on several vessels. Dig deeper In addition to Tehran closing down the Strait of Hor Show less Read more
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