Yesterday’s News 2026 04 30

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Naomi RaineyandEmer Moreau @ BBC: Oil price jumps to $115 after reports of ‘extended’ Iran blockade

Oil prices have climbed sharply following reports that the US is preparing for an ‘extended’ blockade of Iran.

Brent crude rose to around $115 (£85) a barrel on Wednesday, having closed at just over $110 (£81) on Tuesday evening. The price had fallen slightly to $114.37 (£84.68) just before midday BST.

It follows reports from the Wall Street Journal that US President Donald Trump has instructed aides to prepare to extend obstruction of Iran’s ports, in an effort to squeeze the country’s economy.

Iran has said it will continue to disrupt traffic travelling through the Strait of Hormuz in response to the US blockade.

Al Jazeera: Trump vows to maintain Iran blockade, Tehran threatens ‘practical’ action

US president says Washington’s naval siege on Iranian ports is ‘more effective than the bombing’ as oil price soars.

Lucian K. Truscott IV: Trump has ideas about how to end the Iran war. You won’t believe what they are.


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