The price of Brent crude oil surges past $125 a barrel as worries brew over an escalation in the Iran war
The price of Brent crude oil has risen above $125 a barrel amid growing concerns about a potential escalation in the Iran war. Market volatility is being driven by geopolitical tensions and their possible impact on global oil supplies. The surge reflects investor anxiety over supply disruptions in a key energy-producing region.
- ▪Brent crude oil prices exceeded $125 a barrel on April 30, 2026.
- ▪Geopolitical tensions related to the Iran war are fueling fears of supply disruptions.
- ▪China's factory activity expanded for a second month despite economic shocks from the conflict.
- ▪Adm. Cooper stated that a US blockade prevented $6 billion in Iranian oil sales.
- ▪The German chancellor claimed the US is being 'humiliated' by Iran.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onThe price of Brent crude oil surges past $125 a barrel as worries brew over an escalation in the Iran warThe price of Brent crude oil surges past $125 a barrel as worries brew over an escalation in the Iran warByThe Associated PressApril 30, 2026, 12:24 AM1:24HONG KONG -- The price of Brent crude oil surges past $125 a barrel as worries brew over an escalation in the Iran war.Sponsored Content by TaboolaPopular ReadsIran live updates: US blockade stopped $6 billion in Iranian oil, Adm.
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