Oil prices briefly hit wartime high as Trump weighs new strikes on Iran

Islam

Oil prices surged to their highest level since the beginning of the US-Iran war early Thursday before retreating on the strength of fresh reports that President Trump could soon resume attacking the Islamic Republic. The price of a barrel of Brent crude, the international benchmark, topped $126 per barrel shortly after midnight ET, hours after Trump indicated that he preferred to keep in place a weeks-long blockade on Iranian ports in the Strait of Hormuz. “The blockade is genius, OK? The

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Trump warns Iran blockade could last months, sending oil soaring https://www.channelnewsasia.com - 30.04.2026 05:58
Trump warns Iran blockade could last months, sending oil soaring https://www.channelnewsasia.com/ - 30.04.2026 05:18
Trump warns Iran blockade could last months, sending oil soaring https://www.channelnewsasia.com - 30.04.2026 04:26

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Trump warns Iran blockade could last months, sending oil soaring https://www.channelnewsasia.com - 30.04.2026 05:58
Trump warns Iran blockade could last months, sending oil soaring https://www.channelnewsasia.com/ - 30.04.2026 05:18
Trump warns Iran blockade could last months, sending oil soaring https://www.channelnewsasia.com - 30.04.2026 04:26