London / Global – Web Desk: Global oil prices surged sharply on April 24, 2026, as escalating tensions in the Strait of Hormuz between the United States and Iran raised concerns over potential disruptions to global energy supplies.
Brent crude oil climbed above $106 per barrel, marking its highest level in two weeks, with a gain of nearly 5 percent. Analysts say the spike reflects growing fears of supply chain disruptions in one of the world’s most critical oil transit routes.
According to international reports, recent incidents involving the detention of commercial vessels and retaliatory actions between the US and Iran have heightened uncertainty in the region, raising concerns about maritime security and energy flow stability.
Market experts warn that continued instability could push oil prices even higher, potentially increasing inflationary pressure worldwide, particularly in energy-importing economies.
In related developments, US President Donald Trump stated that ships passing through the Strait of Hormuz may require clearance from the US Navy. He also warned that vessels allegedly involved in laying mines could face military action.
Meanwhile, Iran’s Revolutionary Guard reportedly claimed the seizure of two foreign commercial vessels, further intensifying geopolitical tensions in the region.
Energy analysts say the Strait of Hormuz remains a critical chokepoint for global oil shipments, and any disruption could have immediate impacts on global markets.
