US Top News and Analysis | Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs AI generated summary, Read the full article for complete information. Piper Sandler warned that the Strait of Hormuz will likely stay largely closed for months, keeping commercial traffic far below pre‑crisis levels and driving oil prices to new highs this summer. The investment bank’s energy and macro teams said they have little confidence that shipping through the narrow passage will recover to even 50 % of its former volume in the near term, as ongoing U.S. “self‑defence” strikes in southern Iran and Iran’s refusal to compromise sustain the disruption. With the strait handling about one‑fifth of the world’s seaborne oil, the prolonged closure could tighten supplies for Middle Eastern, Asian and European economies, pushing West Texas Intermediate crude toward $120 a barrel and threatening broader economic and market stability. Read more: https://www.cnbc.com/2026/05/26/piper-sandler-says-strait-of-hormuz-to-remain-closed-for-months-and-oil-to-hit-new-highs.html #PiperSandler #HormuzStrait #PresidentTrump #Iran #US #DonaldTrump