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Crude Oil Climbs Again as US Iran Blockade Threatens Longer Supply Shock
Economy
Published on 29 April 2026
A blockade report could keep prices elevated longer
Oil prices extended an eight-session rally, with crude crossing $110 as fresh reports suggested the US may widen or extend a blockade of Iranian ports. The move is seen as pressure on Iran’s oil exports, potentially prolonging Middle East supply disruptions. Reduced access through the Strait of Hormuz has already tightened supplies, raising fresh inflation fears.
- Crude oil rose for the eighth straight session, crossing $110
- Reports point to a possible extended US blockade of Iranian ports
- Middle East supply disruptions could last longer than expected
- Strait of Hormuz constraints are fueling inflation worries
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times