Sharp surge in oil prices against the backdrop of tensions in the Persian Gulf
[49729] Sharp surge in oil prices against the backdrop of tensions in the Persian Gulf
Brent crude oil prices surged above $114 per barrel following reports of an attack on an American ship in the Strait of Hormuz and an escalation in the region.
Sharp surge in oil prices against the backdrop of tensions in the Strait of Hormuz
Global crude oil prices experienced a sharp rise today, May 4, 2026, of about 5% following reports of a security escalation in the Strait of Hormuz. According to the reports, the price of a barrel of Brent crude oil crossed the $114 mark.
The channel خبرفوری ࡆ اخبارفوری مذاکره ࡆ جنگ فوری reported that the rise in prices stems from reports of an attack on an American ship, an event that led to turmoil in the markets. Reuters news agency, as quoted by the channel آخرین خبر, confirmed that the security tension led to a rise of over 5% in the price of oil.
At the same time, reports from the channels اقتصاد امروز and خبر فوری جنگ ایران indicate that the price even crossed the $114 mark per barrel.
Conversely, the channel حامیان پزشکیان – identified with support for the Iranian government – presents a different narrative. According to a report by Al Jazeera cited on this channel, the market reacted more moderately to the statement by Donald Trump, who claimed that the United States would act to remove stuck ships from the Strait of Hormuz, which they claimed caused prices to remain "without essential change."