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Crude Oil Climbs Again Near 110 as Iran Tensions Threaten Supply Wallop
Economy
Published on 24 April 2026
Five straight gains as Strait of Hormuz tensions intensify
Oil prices jumped for a fifth straight session as Middle East tensions rose, with Iran-related actions near the Strait of Hormuz and reports of air defense engagement stoking supply fears. Analysts warn that if U.S.-Iran talks stall, prices could surge further, potentially pushing Brent toward $150 per barrel.
- Crude prices extended a five-day rally near $110
- Strait of Hormuz tensions are fueling supply disruption fears
- U.S.-Iran negotiations could determine the next price jump
- Analysts see upside risk for Brent reaching $150
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times