ConfirmedShipping, energy & marketsBackgroundLondon, United Kingdom
Brent tops $106 as U.S.-Iran ship seizures deadlock the Strait of Hormuz
- Mountain Time
- Local time
- 2:00 AM in London, Apr 24
- Where
- London, United Kingdom
Brent crude stood at $106.80 a barrel at 01:00 GMT on Friday, up nearly 5% from Wednesday’s close, when it had passed $100 for the first time in two weeks, Al Jazeera reported; CBS News put Brent near $107 and U.S. crude just over $97. Both cited the tit-for-tat ship captures in Hormuz.
Why it matters
Prices returned to their highest level since the ceasefire began, erasing the drop that followed Iran’s brief reopening of the strait.
Sources (2)
- Al Jazeeraaljazeera.comPublished
- CBS Newscbsnews.comPublished
Confidence: Corroborated by independent sources or direct evidence. About confidence labels