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Hopes for reopening the Strait of Hormuz push Asian shares higher, as oil prices hold above $100

Asian shares are sharply higher and the price of crude oil was holding above $100 a barrel as investors bet on hopes the U.S. and Iran will strike a deal allowing tankers to deliver crude from the Persian Gulf again

First seen · 1:31 AM UTCMay 7, 2026

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The Independent
Center-LeftIndependent Digital News and Media
Hopes for reopening the Strait of Hormuz push Asian shares higher, as oil prices hold above $100Asian shares are sharply higher and the price of crude oil was holding above $100 a barrel as investors bet on hopes the U.S. and Iran will strike a deal allowing tankers to deliver crude from the Persian Gulf again
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