Updated
Updated · Bloomberg · Apr 29
Oil prices surge as Iran war and blockade disrupt global markets
Updated
Updated · Bloomberg · Apr 29

Oil prices surge as Iran war and blockade disrupt global markets

7 articles · Updated · Bloomberg · Apr 29
  • West Texas Intermediate jumped 2.6% to $109.64 a barrel, while Brent crude neared $118, its highest since June 2022.
  • President Donald Trump stated he will maintain the naval blockade of Iran’s ports until a nuclear deal is reached with Tehran.
  • The near-closure of the Strait of Hormuz and stalled diplomatic efforts have intensified market volatility, fueling concerns over energy supplies and further price increases.
With the Strait of Hormuz closed, is a global food and energy crisis now inevitable?
If releasing 400 million barrels failed, what can stop oil's relentless climb?
Why does J.P. Morgan predict low oil prices amid a historic supply crisis?
As the War Powers Act deadline nears, what is the legal future of the US blockade?
Could secret peace talks in Pakistan be the surprise off-ramp to the Iran crisis?
Can military pressure force Iran to abandon its nuclear ambitions without a wider war?