Oil Price Today (June 22): Crude oil rises above $80 as Iran shuts Strait of Hormuz again. What are experts saying?

Crude oil prices rose sharply on June 22 after Iran once again shut the Strait of Hormuz, with Brent crude gaining 0.67 percent to $81.11 per barrel and WTI rising 2.64 percent to $78.62. The disruption comes despite an interim US-Iran peace deal, with President Trump threatening to resume attacks on Iran. Analysts including Morgan Stanley warn that extended closure could tighten global supplies, while Saudi Aramco CEO Amin Nasser cautioned that full normalisation may not occur until 2027.