Energy
Brent Crude Prices Surge Amid Supply Disruptions in Hormuz Strait
Brent crude has climbed to $120 per barrel due to supply interruptions in the Hormuz Strait, leading analysts to express concerns about future oil pricing.
Editorial Staff
1 min read
Updated 7 days ago
Brent crude prices have reached $120 per barrel, driven by significant supply disruptions in the Hormuz Strait.
The closure of this critical shipping route has raised alarms regarding the stability of oil supply in the region.
Despite the surge in Brent prices, analysts indicate that there is currently no clear path for West Texas Intermediate (WTI) prices to reach $160.
Updates
Update at 06:13 UTC on 2026-04-30
Financial Times reported Brent crude sets new conflict high as blockade of Strait of Hormuz continues.
Sources: Financial Times