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Oil prices briefly hit wartime high as Trump weighs new strikes on Iran

Oil
New York Post Fews App News Provider
Fews App Post Time 1d ago

Oil prices surged to their highest level since the beginning of the US-Iran war early Thursday before retreating on the strength of fresh reports that President Trump could soon resume attacking the Islamic Republic. The price of a barrel of Brent crude, the international benchmark, topped $126 per barrel shortly after midnight ET, hours after Trump indicated that he preferred to keep in place a weeks-long blockade on Iranian ports in the Strait of Hormuz. 3 Trump meets with NASA official and Artemis II astronauts in the Oval Office of the White House in Washington DC on Wednesday, April 29, 2026.

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