Oil prices surged on April 29 as Brent cracked above $114 and WTI topped $103, driven by escalating disruption near the Strait of Hormuz. Reports of stalled U.S. Iran negotiations and an extended U.S. naval blockade are shifting trader focus from short-term supply shocks to a longer squeeze on Iranian exports, with knock-on implications for gasoline, inflation expectations, and today’s Fed rate outlook.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
