Brent crude crosses USD 120 after Trump says Hormuz blockade will continue till Iran agrees to deal

Iran Herald · April 30, 2026 Sanctions

New Delhi [India], April 30 (ANI): Brent crude oil prices surged above USD 120 per barrel on Thursday after US President Donald Trump said the naval blockade of the Strait of Hormuz will continue until Iran agrees to a deal with the United States. In an exclusive interview with Axios on Wednesday, Trump said the blockade is being used as a key tool to pressure Iran over its nuclear programme.

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