Oil prices surpass $110 per barrel despite Trump claim of Iran talks

Oil prices surpass $110 per barrel despite Trump claim of Iran talks

Brent crude oil reached $111.41 per barrel Friday morning after two Chinese ships were blocked from passing through the Strait of Hormuz.

Oil Prices Near Peaks as Hormuz Tensions Escalate.. Markets Eye April 6 Deadline

Global oil prices climbed sharply on Friday, with Brent crude breaking above the $110 mark after two Chinese container vessels were prevented from transiting the Strait of Hormuz, intensifying concerns over supply disruptions in one of the world’s most critical oil chokepoints.

Oil Prices Today: Brent Tops $111, WTI Near $99 as Iran Talk Doubts Keep Market on Edge

Brent crude rose 3.3% to $111.52 a barrel Friday, while U.S. WTI gained 4.3% to $98.54, despite Brent heading for its first weekly drop since February. Flows through the Strait of Hormuz remain sharply reduced, forcing IEA countries to release 400 million barrels from emergency stocks. Open interest in June Brent $150 call options has surged nearly tenfold in a month. U.S. drillers cut nine rigs this week, Baker Hughes said. The post Oil Prices …

$110 Oil and a Blocked Strait: The Iran Shock Is Now Splitting Small-Cap Stocks in Two - Channelchek

The Iran war didn’t just push Brent crude past $100 a barrel — it drew a sharp line through the small-cap market, separating companies that are printing cash from those quietly bleeding out. One month in, that divide just got wider. Brent crude surged 2.82% to $111.06 per barrel on Friday after two ultra-large container vessels owned by China Ocean Shipping Company — COSCO, the world’s fourth-largest shipping line by capacity — attempted to tran…