GlobalInitial report
Oil prices surge on Iran blockade fears
Monday, 13 April 2026 at 01:54 UTC · 1 source
Brent crude oil futures jumped to $102.60 per barrel while US crude oil hit a record high of $105.25 per barrel, driven by fears of supply disruption from the US maritime blockade of Iran.
Key Details
Brent crude: $102.60/barrel
US crude oil: $105.25/barrel (record high)
Cycle: Sunday, 12 April 2026 at 23:53 UTC