Trump Tightens Squeeze on Iran as Oil Surges to $119, US Strike Plans Ready

Trump tightens squeeze on Iran as oil surges to $119, US strike plans ready

Brent oil rose to its highest on Tuesday, gaining more than 7% on the day.

Oil surges nearly $7 as Trump signals prolonged U.S. blockade of Iran (USO:NYSEARCA)

Crude oil futures rose sharply to settle at multiweek highs on prospects of a prolonged standoff in the Middle East, as the US and Iran maintain their blockades of the Strait of Hormuz.

1979 Redux: The Carterization of Donald Trump

The hostage of today’s war isn’t US embassy personnel, but the world’s energy supply.

Trump says Iran 'better get smart soon;' oil hits $115 per barrel

April 29 (UPI) -- The price of Brent crude oil passed $115 per barrel early Wednesday while President Donald Trump urged Iran on social media to agree to

Brent Crude Hits $124 as Trump Reviews Iran Strikes and Hormuz Seizure Plan

Brent crude hits $124 as CENTCOM briefs Trump on Iran strike plans, Strait of Hormuz takeover, and special forces uranium raid.

Brent Crude Oil Price Today — Surges Toward $120 as Iran Blockade Fears Grow

Brent crude oil price today (April 29, 2026) is trading around $118–$120 per barrel, after surging more than 6% amid escalating fears of a prolonged U.S. blockade of Iran and continued disruption to global oil flows through the Strait of Hormuz. Oil Is No Longer Rising — It Is Breaking the System Something more serious is happening in the oil market. This is no longer a routine price increase driven by speculation or short-term supply concerns. …