Oil prices surge as violence flares in Strait of Hormuz
The story
Brent crude rises nearly 6 percent as soaring tensions in waterway push ceasefire to the brink.
From the source
x whatsapp-stroke copylink google Add Al Jazeera on Google info A container ship sits at anchor as a small motorboat passes in the foreground in the Strait of Hormuz off Bandar Abbas, Iran, on May 2, 2026 [Amirhosein Khorgooi/ISNA via AP] By John Power Published On 5 May 2026 5 May 2026 Oil prices have risen sharply as violence in the Strait of Hormuz cast doubt over the fragile ceasefire between the United States and Iran.
Brent crude, the primary benchmark for oil prices worldwide, rose by nearly 6 percent on Monday to $114.44 a barrel.
Brent futures eased somewhat on Tuesday morning, trading at $113.54 as of 02:00 GMT.
Who and what
Key names and topics in this story: Strait, Hormuz.
Where to follow next
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