Brent crude rises as extended Iran blockade plan fuels oil rally

7 articles · Updated · Bloomberg · Apr 29

Brent crude climbs 0.2% to $111.53 a barrel after President Trump orders aides to prepare for a prolonged Iran blockade.
The move, aimed at pressuring Tehran over its nuclear program, threatens to disrupt oil and gas transit through the Strait of Hormuz and dampens market sentiment ahead of major tech earnings and a Federal Reserve decision.
This marks Brent's eighth consecutive day of gains, with investors increasingly concerned about escalating geopolitical tensions and potential supply shocks from the Middle East.

Is the global economy prepared for oil prices surging to a projected $190 per barrel?

Will China's reliance on Iranian oil challenge the effectiveness of the U.S. naval blockade?

How long can Iran's economy withstand a daily loss of over $200 million from the blockade?

Beyond oil, how will this blockade disrupt global supply chains for food and other goods?

Is Iran's diplomatic offer a path to peace or a tactic to buy time for its nuclear program?

How effective is Iran's 'shadow fleet' at undermining the U.S. naval blockade?