World news Oil

Oil prices rose due to the blockade of Iran

08:25 13 апр 2026.  509 Читайте на: УКР РУС

Global oil prices rose by 7% as the U.S. Navy prepared to block shipping through the Strait of Hormuz.

Brent crude futures rose 7.05% to $101.91 per barrel. U.S. West Texas Intermediate (WTI) crude rose 7.86% to $104.16 per barrel, Reuters reports.

The price spike occurred after negotiations between Washington and Tehran to end the war broke down.

U.S. President Donald Trump announced the start of a naval blockade and acknowledged that fuel prices could remain high until the midterm elections in November.

Photo: abc.az.

Читайте также:

World news

Iran imposes tolls on tankers in the Strait of Hormuz

08:19 10 апр 2026.  758
World news

Oil prices reacted to the closure of the Strait of Hormuz

10:38 06 апр 2026.  424
World news

US has completed a 7-hour series of strikes on Iran

07:33 15 июл 2026.  100
World news

Iran better make a deal, - Trump

07:12 15 июл 2026.  77
World news

Iran attacks two tankers in the Strait of Hormuz

07:17 14 июл 2026.  85
World news

US bombed Iran for five hours

07:04 14 июл 2026.  92