Oil spikes to highest price since 2022
Mădălin Mihai
The jump follows reports of Donald Trump being ready to continue the blockade of Iranian ports “for months” The price of Brent crude oil rose to $126 on Thursday as US-Iran talks stalled and reports that US President Donald Trump may extend the blockade of Iranian ports. It hit $126.3 for the first time since March 2022, when the Ukraine conflict escalated. Prices later eased to $125.30. The price of West Texas Intermediate (WTI) crude oil also rose 10.5% to $110.5 per barrel, as traffic
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