Oil rises above $106 per barrel as US, Iran deadlocked in Strait of Hormuz
Quick Insights
The Bottom Line
Oil prices rose above $106 per barrel due to a US-Iran deadlock in the Strait of Hormuz.
How This Affects You
Rising oil prices could increase energy costs for average Americans, affecting gasoline prices and household expenses.
AI Summary
Oil prices surged above $106 per barrel following a statement from President Donald Trump regarding the Strait of Hormuz. President Trump declared that vessels would require permission from the US Navy to transit the critical waterway. This jump in prices occurs amidst a deadlock between the United States and Iran in the Strait of Hormuz. The Strait of Hormuz is a vital chokepoint for global oil shipments, and any disruption there significantly impacts the international oil market.
Source Coverage Map
8 of 43 tracked sources covered this story
Following this story?
Get notified when new coverage appears
Other Sources Covering This Story
5 sourcesMultiple outlets have reported on this story. Compare perspectives from different sources.
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
GlobalTrump says he is keeping Strait of Hormuz closed, not Iran
Donald Trump said he is the one keeping the Strait of Hormuz closed, not Iran.
National SecurityTrump news at a glance: a tale of two blockades as US and Iran spin their control over strait of Hormuz
<p>US report warns it could take six months to clear strait of mines as Trump declares ‘total control’ over key waterway – key US politics stories from Thursday 23 April at a glance</p><p>Donald Trump has again said that the US has “total control over the strait of Hormuz”, adding that Iran’s leadership was so hobbled by infighting that it was unclear who was in charge.</p><p>But the US president’s claim seemed questionable in the face of the seizure of two container ships by Iranian commandos and a US report warning it could take six months to clear the strait of mines.</p> <a href="https://www.theguardian.com/us-news/2026/apr/23/trump-news-at-a-glance-latest-updates-today">Continue reading...</a>
FinanceStocks mostly decline as the Iran war standoff pushes oil prices higher - AP News
<a href="https://news.google.com/rss/articles/CBMikgFBVV95cUxPem1LV0dCZlZhV1g3NExPcG9zV3hVbjBoRnBWVk5oMm9pUktkX1RmRzExTjNEVVdRUHFjMV9nY2EyODlxOXJndUJiZHdEU003OWZ3emtvR0NHODEwVk5MYk5QUUFzSkVXOHQyNnc2WWg1TUxiSHBWRFp6WXBBSVhWLTMzRWw4dkV0dENlamFzSHI0QQ?oc=5" target="_blank">Stocks mostly decline as the Iran war standoff pushes oil prices higher</a> <font color="#6f6f6f">AP News</font>
National SecurityExclusive: US intercepts three Iranian oil tankers in Asian waters, sources say - Reuters
<a href="https://news.google.com/rss/articles/CBMiugFBVV95cUxOY0dac0FOcTVjR1h4cW5PS0FxVVdkRUlsU3VfMWdZOVRialU3S3cxNl9ZOVZOOWtMekJsdWFnZ21aNENlaFA1Q3E5QlQ3NE5Ea0lYdDVteU5RWGNpNTU2OHhZMzZCZGJiRXZPTnFwWVluT20wUWxVMHA4Q2NfM21IWlB0OWxiblY0cTlzY29KWkpiQUpVcWtkVnNscjBKX2hKTjRESld1b3ZxY0NsOHFYV1RLbVpRdmN4OXc?oc=5" target="_blank">Exclusive: US intercepts three Iranian oil tankers in Asian waters, sources say</a> <font color="#6f6f6f">Reuters</font>
CorporateOilfield service firm Halliburton is discussing commercial terms with customers for Venezuela operations - Reuters
<a href="https://news.google.com/rss/articles/CBMiywFBVV95cUxNZlcwVHJ0QlFUckRwakdzMmNPeDZkaURnZGJLSWVwQzVqUWt3djNtNG1NOEhCNGZIVlZiY0hCUTctaHAtS2lwZ3pwQUp2ZWlIcERYcnBCYy1oU0dKaVNQa1JUN2s5NmhvR1pIQUpvQXB6d25hbUVqaTd4NTRMYjdZTUNMbWdGUkxNWloxRi1Ma1BWOFJTcGxIaW9HN1NRd1hWTnFwaWp1cXYwVExpdUpMclRYMHptZjZlZ3lsNm5mb3VrT3hRdEpmZjhEbw?oc=5" target="_blank">Oilfield service firm Halliburton is discussing commercial terms with customers for Venezuela operations</a> <font color="#6f6f6f">Reuters</font>
FinanceUK petrol and diesel prices fall after weeks of rises
Drivers have seen weeks of increases as the US-Israeli war with Iran pushed up wholesale oil prices.
Crypto mogul sues Trump family's World Liberty Financial, alleging fraud
Sun alleges that World Liberty Financial froze the digital tokens he had purchased, locking him out of assets worth as much as $1 billion.
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Report: Merck’s blockbuster cancer drug topped $200,000 a year under Trump
One in three Americans forced to make financial sacrifices for health coverage
Trump-branded data center project CEO departs
The Democrats’ Senate votes on Israel highlight a growing challenge
6 crew still missing after overturned ship that disappeared after typhoon is found near Saipan - AP News
