Oil spikes to highest price since 2022

Iran Herald · April 30, 2026 Sanctions

The jump follows reports of Donald Trump being ready to continue the blockade of Iranian ports for months The price of Brent crude oil rose to $126 on Thursday as US-Iran talks stalled and reports that US President Donald Trump may extend the blockade of Iranian ports. It hit $126. 3 for the first time since March 2022, when the Ukraine conflict escalated.