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Hormuz blockade pushes Brent to 125 as fragile ceasefire fails to calm oil fears
Economy
Published on 3 May 2026
Nearly one fifth of global oil flows is blocked
Brent crude has jumped to $125 a barrel as the Strait of Hormuz faces escalating West Asia conflict, with naval tensions and tanker blockades disrupting nearly one fifth of global oil flows. Even with ceasefire talks underway, OPEC fragmentation and uncertainty around UAE supply keep prices volatile. India and China are diversifying, but sustained highs could stoke inflation and recession fears.
- Brent rose to $125 as Hormuz disruptions tighten global supply
- Tanker blockades and naval tensions affect nearly one fifth of oil flows
- Fragile ceasefire talks fail to offset broader geopolitical risk
- High prices may drive inflation and heighten recession concerns
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times