Oil Prices Sunday Open Hormuz Re-Closed April 2026: What Traders See at 6pm ET

# Oil Prices Sunday Open Hormuz Re-Closed April 2026: What Traders See at 6pm ET

> **Quick answer:** WTI crude oil closed Friday near $79/barrel after a massive 11-14% collapse on Iran's Hormuz "open" declaration. Iran re-closed the strait Saturday after IRGC gunboats fired on a tanker. That reversal is not priced anywhere — yet. CME oil futures open Sunday at 6pm ET (5pm CT), and it will be the most-watched futures open of 2026. Analysts expect a sharp upward move back toward the $90-100 range, with a collapse-scenario spike above $100 if diplomatic talks fail before the April 22 ceasefire expiry.

CME oil futures open Sunday night at 6pm Eastern Time. When traders log on, they will be looking at a Friday close of ~$79 WTI — and a Saturday that completely reversed the story that caused that crash. **The gap between what the market priced on Friday and what actually happened on Saturday is the entire trade.**

This article breaks down the mechanics of Sunday's open: what Friday's close means, what Saturday's reversal means, and the three price scenarios that traders, airlines, and anyone buying gas Monday morning need to understand.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

## What Happened Friday: The 14% Crash Explained