Brent oil tops $118 after Trump says he will blockade Iran until it agrees to a nuclear deal

Event Overview

Brent oil tops $118 after Trump says he will blockade Iran until it agrees to a nuclear deal

Updated 3 days ago
CNBC
Al Jazeera
2 articles2 sources
Summary

The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports. This cluster currently includes 2 articles from 2 sources.

What This Means

This cluster currently includes 2 articles from 2 sources. Sources in this event include CNBC, Al Jazeera.

Original Reporting (2)
Brent oil tops $118 after Trump says he will blockade Iran until it agrees to a nuclear deal
CNBC
CNBC
Lean Left
4/29/2026

Brent oil tops $118 after Trump says he will blockade Iran until it agrees to a nuclear deal

The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports.

Iran’s currency falls to new low as US blockade, sanctions impact trade
Al Jazeera
Al Jazeera
Lean Left
4/29/2026

Iran’s currency falls to new low as US blockade, sanctions impact trade

Tehran, Iran – Iran’s national currency has plunged to new lows as authorities mobilise to dampen the impact of the naval blockade enforced by the United States. The Iranian rial shot above 1.81 million to the US dollar on the open market by early afternoon on Wednesday before partially recovering. The embattled.