CNBC29/4/2026Energy
Oil Prices Surge 6% on Trump Iran Blockade Threat
Brent crude hits $118.33, WTI reaches $106.37 as Middle East tensions escalate; UAE quits OPEC
En resumen
- Oil prices jumped more than 6% Wednesday after President Trump said he will maintain the U.S. naval blockade against Iran until they agree to a nuclear deal.
- Brent crude futures rose to $118.33 per barrel and WTI to $106.37 per barrel.
- Trump told Axios the blockade is 'more effective than the bombing' as Iran refuses to reopen the Strait of Hormuz.
Resumen generado por IA
Tamaño de fuente
Oil prices jumped more than 6% Wednesday after President Trump said he will maintain the U.S. naval blockade against Iran until they agree to a nuclear deal. Brent crude futures rose to $118.33 per barrel and WTI to $106.37 per barrel. Trump told Axios the blockade is 'more effective than the bombing' as Iran refuses to reopen the Strait of Hormuz. Meanwhile, the UAE's decision to quit OPEC represents a 'big blow' to the oil producer group, analysts said.
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This article was originally published by CNBC.
