Oil hits wartime highs as US weighs extending Iran blockade
TL;DR Summary
Oil prices surged to wartime highs as Trump weighs extending a naval blockade of Iran, keeping the Strait of Hormuz closed and sending Brent above $125 while Iran marks Persian Gulf Day with defiant rhetoric amid sanctions-crippled economics. The disruption underscores energy-security fears across Asia and the global economy, with conservation measures and broader market volatility shaping the response.
- Live updates: Oil surges to new wartime high as Trump mulls extended blockade of Iranian ports CNN
- Brent pares gains after hitting 4-year highs as report stokes worries of U.S. military action against Iran CNBC
- Brent crude surges over $120 a barrel on Iran war worries, while world stocks are mixed Pittsburgh Post-Gazette
- Oil Prices Soar to Wartime High as Standoff Shows No End in Sight The New York Times
- Stock Market Today: Oil Rises on Iran Concerns, Stock Futures Waver — Live Updates WSJ
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