Oil prices general20 Apr 2026 06:50
Oil prices jump after Iran and U.S. attack commercial ships as tensions escalate over Strait of Hormuz
Crude oil prices surged Sunday, as the U.S. and Iran teetered on the brink of a renewed war after attacks on commercial ships in
Current live oil price (approx.)
Brent crude: about $95–$96 per barrel
WTI crude: about $88–$90 per barrel
Prices jumped 5–7% today due to renewed tensions in the Middle East.
The key issue is instability around the Strait of Hormuz, a critical global oil shipping route.
Markets are reacting fast to supply disruption fears, pushing oil close to the $100/barrel level again.