Oil prices hit highest level since Iran war's start

Apr 30, 2026 · 12:04 PM UTC · 0 reactions · 0 comments · 4 views

Oil prices reached their highest levels overnight since the Iran war began, with Brent crude topping $126 per barrel before pulling back on Thursday morning. Why it matters: The jump will keep sending U.S. gasoline prices higher — and shows the market reacting to the possibility of a long stalemate that keeps the Strait of Hormuz throttled. Traders are also likely weighing potential military escalation. President Trump is slated to receive a briefing later today on new plans for potential milita

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