Oil Prices Rise Amid US-Iran Standoff and Potential Prolonged Blockade

Oil prices increased as the US-Iran standoff shows signs of continuing, potentially leading to a prolonged supply shock. US President Donald Trump has reportedly prepared for an extended blockade of Iranian ports, which has raised concerns about ongoing disruptions to global oil supplies. This has led to rising crude prices, with Brent crude above $117 and West Texas Intermediate around $105 per barrel.

By Paul Burkhardt, Will Kubzansky and Mia Gindis Wed, April 29, 2026 at 5:59 PM GMT+3 3 min read · Yahoo Finance · April 29, 2026, 14:59 UTC

Topics: Brent crude oil prices supply shock US-Iran standoff West Texas Intermediate

Read the full article at Yahoo Finance

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