Oil prices jump, markets shake amid US-Iran ceasefire uncertainty

Iran Herald · April 20, 2026 Sanctions

New Delhi [India], April 20 (ANI): Global energy prices surged on Monday as the Islamic Revolutionary Guard Corps announced the imminent closure of the Strait of Hormuz, citing a failure by the United States to adhere to ceasefire conditions. Monday morning saw Brent Crude rising by 4. 72 per cent to USD 94.

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