Oil prices rise as US, Iranian strikes threaten Strait of Hormuz reopening

Al Jazeera
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Oil prices rise as US, Iranian strikes threaten Strait of Hormuz reopening
Read the full story at Al JazeeraOriginal

Brent crude edges up as tit-for-tat strikes imperial return to normality in key waterway.

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The Story At A Glance
  • • Oil prices rose as Brent crude reached approximately $73 per barrel due to renewed U.S. and Iranian military strikes.

  • • The crisis stems from an Iranian blockade of the Strait of Hormuz following a joint U.S. and Israel air war.

  • • President Trump has maintained a naval blockade on Iranian ports despite Iranian claims of a ceasefire.

Context
The conflict escalated in February 2026 when Iran blocked the Strait of Hormuz in

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Al Jazeera

Oil prices rise as US, Iranian strikes threaten Strait of Hormuz reopening

Brent crude edges up as tit-for-tat strikes imperial return to normality in key waterway.

www.aljazeera.com

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