[49727] Sharp surge in oil prices against the backdrop of tension in the Strait of Hormuz

Sharp surge in global oil prices

On Monday, May 4, 2026, a sharp and alarming rise in global crude oil prices was recorded, as the price of a barrel of Brent crude climbed and crossed the $114 threshold. Reports indicate a continuous upward trend throughout the last day, with various channels noting fluctuations between $109 and $114.

Factors for the upward trend

According to the channel اقتصاد امروز, which is associated with economic analyses, the sharp rise comes "following tension-provoking measures by the US in the Strait of Hormuz," which led to the restriction of supply through this strategic shipping route. Conversely, channels associated with Iranian security officials, such as سپاه ایران | IRGC, reported with satisfaction on a "5 percent jump" in the price per barrel, while emphasizing the impact of events on the ground on international markets.

Economic and political implications

While the West reports instability, Russian sources cited by خبرفوری | اخبارجنگ فوری آمریکا and خبری پلاس|خبرفوری claim that Russia is expected to reap additional profits of about $2.7 billion (200 billion rubles) from the rise in energy prices.

Simultaneously, internal Iranian channels such as حامیان پزشکیان are monitoring the current updates on the subject closely and highlighting the ongoing rise in prices, while general media outlets like خراسان آنلاین confirm that Brent prices continue to break records in the short term.