News · 30 April 2026

Brent Crude Nears $120 Amid Iran Supply Worries

The Asia Pacific region faces higher fuel and basic good costs, with its growth outlook cut from 5.1% to 4.7% this year. Oil prices rose over 6% on Wednesday, driven by fears of Hormuz Strait disruption and a US siege on Iranian ports. This follows two months of US-Israel war. Brent crude futures for June hit $119.94 per barrel on Thursday, its highest level since June 2022.

By BriefTea Editorial · 30 April 2026 at 10:28

Reported by Al Jazeera · How we write briefs

Get the app

More briefs

PoliticsBurnham to end indefinite jail terms by parliament's end BusinessEngland's free bus pass age will rise to 67 by April 2028 EntertainmentAnne Hathaway joins Tom Cruise in Days of Thunder sequel out 2028 WorldArizona desert deaths of 19 migrants last month hit a two-year record GeneralCatholic Church forced adoptions continued into the 1980s SportsCollege football player MicahJo Barnett dies after sideline emergency Browse all stories →