The global oil price continues to rise on news that the US naval blockade of Iranian ports may be extended. Various international media outlets have reported that US President Donald Trump has ordered his aides to prepare to extend the blockade.
\nThe Wall Street Journal confirmed this information on Tuesday (April 28) night, citing US officials. The report said that Trump has decided to extend the ban on shipping at the country’s ports to maintain pressure on Iran’s economy and oil exports.
\nFollowing this news, oil prices rose again on Wednesday morning in the global market. Brent crude oil prices have been rising for eight consecutive days in the international market. The price of this oil for June delivery rose by 52 cents to $111.78 per barrel. The price of July delivery also rose by 0.4 percent to $104.84 as the June contract expired this week.
\nWest Texas Intermediate (WTI) crude oil prices rose 57 cents, or 0.57 percent, to $100.50 a barrel, having risen in seven of the past eight trading sessions. Analysts say disruptions to oil supplies through the Strait of Hormuz and the Trump administration’s tough stance continue to wreak havoc on the oil market.<\/p>\n
Source: Al Jazeera<\/p>\n","protected":false},"excerpt":{"rendered":"
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Brent crude oil prices rose sharply on Wednesday (April 29) after US President Donald Trump warned that the naval blockade could last for months. BBC\u2026","rel":"","context":"In "International"","block_context":{"text":"International","link":"https:\/\/biztrend24.com\/?cat=115&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-30-8.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-30-8.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-30-8.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-30-8.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-30-8.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":63473,"url":"https:\/\/biztrend24.com\/?p=63473&lang=en","url_meta":{"origin":64516,"position":1},"title":"US threatens to blockade Iranian ports, Britain will not join","author":"Biz Trend 24","date":"April 13, 2026","format":false,"excerpt":"The US military has threatened to blockade all Iranian ports from Monday night (April 13). The UK has said that it will not join the US plan. That is, the UK will not participate in the US-led military blockade of Iranian ports around the Strait of Hormuz. The ban on\u2026","rel":"","context":"In "International"","block_context":{"text":"International","link":"https:\/\/biztrend24.com\/?cat=115&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-10-6.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-10-6.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-10-6.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-10-6.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-10-6.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":64920,"url":"https:\/\/biztrend24.com\/?p=64920&lang=en","url_meta":{"origin":64516,"position":2},"title":"Iranian supertanker evades US sanctions, reaches Asia with $220 million worth of oil","author":"Biz Trend 24","date":"May 3, 2026","format":false,"excerpt":"According to ship tracking company TankerTrackers.com, an Iranian supertanker carrying more than $220 million worth of crude oil has evaded a US naval blockade and reached the Asia-Pacific region. Al Jazeera reported this news. 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