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ZurückOil Prices Surge 7% as US-Iran Tensions Escalate Over Strait of Hormuz Attacks
Oil Prices Surge 7% as US-Iran Tensions Escalate Over Strait of Hormuz Attacks
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CNBC19.4.2026Business

Oil Prices Surge 7% as US-Iran Tensions Escalate Over Strait of Hormuz Attacks

WTI crude jumps to $89.85/barrel as Navy seizes Iranian ship; Trump threatens to blow up Iranian infrastructure

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  • Crude oil prices surged about 7% on Sunday as the U.S. and Iran teetered on the brink of renewed conflict following attacks on commercial ships in the Strait of Hormuz.
  • West Texas Intermediate futures rose to $89.85 per barrel, while Brent crude advanced to $96.57.
  • Navy seized an Iranian container ship in the Gulf of Oman after it attempted to breach a U.S. naval blockade of Iranian ports.

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Crude oil prices surged about 7% on Sunday as the U.S. and Iran teetered on the brink of renewed conflict following attacks on commercial ships in the Strait of Hormuz. West Texas Intermediate futures rose to $89.85 per barrel, while Brent crude advanced to $96.57. The U.S. Navy seized an Iranian container ship in the Gulf of Oman after it attempted to breach a U.S. naval blockade of Iranian ports. President Trump threatened to destroy Iranian infrastructure if leaders refuse a deal, while peace negotiations scheduled for Monday in Islamabad remain uncertain.

Read the full article on CNBC

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This article was originally published by CNBC.

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