Brent crude prices soar as US blockade on Strait of Hormuz threatens prolonged disruption.
Advertisement300 × 250#ad-article-middle
Brent crude oil prices have surged to their highest level since the Ukraine conflict began, fueled by escalating geopolitical tensions in Iran. This rise follows US President Donald Trump’s announcement that the blockade on the Strait of Hormuz could persist for months. [source]
Brent crude has jumped to its highest level since the start of the Ukraine war.
Sources
- https://www.france24.com/en/tv-shows/business/20260430-crude-oil-prices-hit-four-year-high-as-iran-war-threatens-to-drag-on — Details on crude oil price surge and US blockade impact