Oil climbs to four-year high as US mulls action against Iran and Hormuz blockade

Brent crude jumped to a four-year high near $126 a barrel after reports that the U.S. military would brief President Trump on possible action against Iran and maintain a naval blockade through the Strait of Hormuz, raising supply‑disruption fears from constrained Iranian exports; analysts warned the rally could persist if disruptions continue, with Goldman Sachs noting potential upside to prices if geopolitical stress remains.