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Brent jumps 3 percent to one month high as Trump readies Iran port blockade extension
Economy
Published on 29 April 2026
A port blockade could stretch and tighten global supply
Global oil prices climbed about 3% on Wednesday, pushing Brent crude to a one-month high near $114.59. The move followed reports that U.S. President Donald Trump plans to extend the blockade of Iranian ports, which could further prolong supply disruptions. Traders are watching Middle East output and shipping routes closely for fresh signals.
- Brent crude rose around 3% to a one-month high near $114.59
- Reports say Trump plans to extend the blockade of Iranian ports
- Extended restrictions could prolong Middle East supply disruptions
- Market focus remains on shipping routes and regional output
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This summarization was done by Beige for a story published on 
Republic