Oil price tops $126 on Trump blockade warning

Brent crude hits $126/barrel, highest since 2022, after Trump says US blockade of Iranian ports could last months. Markets spooked as Strait of Hormuz stays effectively shut.

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Friday, 1 May 2026 at 23:38 UTC

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Brent crude hits $126/barrel, highest since 2022, after Trump says US blockade of Iranian ports could last months. Markets spooked as Strait of Hormuz stays effectively shut.

e/eineurope · topic · T-16400cycle Friday, 1 May 2026 at 23:38 UTC · first reported 6d ago