Is the crude oil market about to change? Turn the switch on the Strait of Hormuz, and $90 is just the beginning

Mars Finance News: On May 29, according to market data, both U.S. and Brent crude oil fell more than 1% intraday; they are now trading at $90.13 per barrel and $91.47 per barrel, respectively. Additionally, according to RIA Novosti, the chairman of the Iranian Parliament’s committee said in an interview with the media, “Iran has permanently taken control of shipping activities in the Strait of Hormuz, and it is not a temporary control.”