Oil prices surge to highest level since 2022 as Trump mulls Iran blockade extension

Apr 30, 2026, 5:23 AM

Brent crude oil prices, the global benchmark, surged above $125 per barrel on Thursday morning, as US President Donald Trump mulls an extended blockade of Iranian ports. June contracts for Brent crude had already hit a wartime high, but jumped above $125 per barrel, up more than 12%, as of 12:39 a....

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