Crude oil surges near 115 as Iran talks stall threatens supply and may push prices toward 150

Published on 29 April 2026

Strait of Hormuz risk is back in focus

Crude oil prices jumped to around $115 per barrel, the highest since June 2022, as tensions around Iran intensified and supply worries returned. With Iran war talks stalled, analysts warn disruptions could stretch longer and propel prices toward $150. The Strait of Hormuz remains the critical flashpoint shaping global energy markets and downstream costs.

Crude hits about $115, the highest since June 2022
Stalled Iran negotiations and rising tensions are driving supply risk
Analysts flag a possible move toward $150 if disruption persists
The Strait of Hormuz is central to market volatility

#crude oil #supply risk #commodity markets #stray of hormuz #iran

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Crude oil surges near 115 as Iran talks stall threatens supply and may push prices toward 150

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