Business
Oil Prices Surge Amid Strait of Hormuz Tensions
Brent crude prices surged nearly 6 percent as escalating tensions in the Strait of Hormuz pushed a ceasefire to the brink. The incident highlights ongoing geopolitical risks for global oil supplies.
Coverage timeline — 3 articles
Al Jazeera
Jump in prices comes as Donald Trump says vessels will need permission of US Navy to transit key waterway.
2026-04-24 02:50 UTC
Axios
Oil prices remained well north of $100 per barrel after markets opened Sunday, with the Iran war moving into its fourth week.Why it matters: The price suggests that traders don't see a near-term end to the conf
2026-03-22 23:03 UTC
Al Jazeera
Brent crude rises nearly 6 percent as soaring tensions in waterway push ceasefire to the brink.
2026-05-05 03:23 UTC