Oil price tops $126 a barrel after Trump warns Iran blockade could last ‘months’
Markets spooked as US president appears willing to keep up naval blockade and Iran keeps strait of Hormuz all but shutThe global oil price hit $126 a barrel on Thursday, its highest level since 2022, after Donald Trump said the US blockade of Iranian ports could last for months and peace talks remained stalled. After surging more than 13% in 24 hours, the price of Brent crude futures reached its highest price since the war began on 28 February.
Markets spooked as US president appears willing to keep up naval blockade and Iran keeps strait of Hormuz all but shutThe global oil price hit $126 a barrel on Thursday, its highest level since 2022, after Donald Trump said the US blockade of Iranian ports could last for months and peace talks remained stalled. After surging more than 13% in 24 hours, the price of Brent crude futures reached its highest price since the war began on 28 February.
Iran
Latest verified updates on Iran’s regional confrontation, U.S.–Israeli strikes, missile retaliation, proxy networks, sanctions, and Strait of Hormuz risks.
How outlets across the bias spectrum are covering this conflict.
