Oil price jumps to $115 after reports of 'extended' Iran blockade
Fast facts
- Category: Business
- Language: EN
- Published: 2026-04-29 09:08 UTC
- Sources: BBC Business
The price of crude oil has increased sharply due to uncertainty surrounding the war in the Middle East, with reports suggesting an extended Iran blockade. Reuters reports this will affect global markets while BBC Business notes it may also impact energy prices.
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