Crude oil prices in the international market have reached their highest level in four years due to ongoing tensions between Iran and the United States. 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 News.
\nAt one point, the price of Brent crude oil rose by 8 percent to $122 a barrel, the highest since 2022. It is reported that US President Donald Trump met with leaders of major energy companies, including the CEO of Chevron, at the White House. There, they discussed reducing the impact on US consumers and the oil and gas supply situation. In addition, a report in the Wall Street Journal said that the Trump administration has instructed its advisers to prepare for a prolonged blockade of Iranian ports. It is believed that this will put pressure on Iran’s economy.
\nAccording to analysts, if the supply system is disrupted for a long time, the prices of essential goods, including fuel oil, could increase significantly around the world. At the same time, there is a risk of creating major pressure on the global economy. It is worth noting that since the conflict between Iran, the United States and Israel began on February 28, shipping in the Strait of Hormuz has been limited. As a result, there has been prolonged instability in the market, which is disrupting global oil supplies.<\/p>\n","protected":false},"excerpt":{"rendered":"
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Various international media outlets have reported that US President Donald Trump has ordered his aides to prepare to extend the blockade. The Wall Street Journal confirmed this information on Tuesday\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-10-14.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-10-14.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-10-14.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-10-14.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-10-14.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":71099,"url":"https:\/\/biztrend24.com\/?p=71099&lang=en","url_meta":{"origin":64644,"position":1},"title":"Oil prices rise again after US military strikes on Iran","author":"Biz Trend 24","date":"July 9, 2026","format":false,"excerpt":"Crude oil prices have risen again in the global market after the new US military strike on Iran. 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