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Brent Crude Price Hits Four-Year High of USD 126 As Donald Trump Signals Continued Blockade of Iranian Exports, Potential Military Escalation
April 30, 2026
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Posted 2 hours ago by
The Brent crude price surged to USD 126.10, a four-year high, as US-Iran tensions escalated. President Donald Trump indicated the naval blockade of the Strait of Hormuz could last months, stifling 20 million barrels of daily supply. Analysts warn that continued disruption could push prices toward USD 190 and trigger a recession.
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