World news Oil

Oil prices surged 5%

09:07 20 апр 2026.  623 Читайте на: УКР РУС

Oil prices jumped more than 5% amid fears that the ceasefire between the U.S. and Iran could collapse after the U.S. seized an Iranian cargo ship.

Brent futures rose by $5.08, or 5.62%, to $95.46 per barrel, while U.S. West Texas Intermediate traded at $88.86 per barrel, up $5.01, or 5.97%, Reuters reported.

On Friday, both contracts fell 9%—their biggest daily drop since April 18—after Iran stated that the Strait of Hormuz would remain open to all commercial vessels during the ceasefire, and U.S. President Donald Trump said that Iran had agreed never to block the strait again.

Photo: kafanews.com.

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