strikeApr 29, 2026

Oil price jumps to $117 after reports of 'extended' Iran blockade

Summary

Oil price jumps to $117 after reports of 'extended' Iran blockade Oil prices have continued to rise following reports that the US is preparing for an 'extended' blockade of Iran.

Source: Naomi Rainey — Read the full report

Actors involved

USIsraelIranRussia

Sources

Naomi RaineyBy Naomi Rainey
Oil price jumps to $117 after reports of 'extended' Iran blockade Oil prices have continued to rise following reports that the US is preparing for an 'extended' blockade of Iran. Brent crude rose to about $117 (£86.71) a barrel on Wednesday afternoon, the highest price so far thi…

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