![\"AP](\"https:\/\/www.europesays.com\/iran\/wp-content\/uploads\/2026\/04\/ap.png\")
<\/p>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\tNo immediate response from President Trump after Iran reversed course overnight, announcing that it would be reinstating restrictions on the Strait of Hormuz. Of course, just yesterday, President Trump had celebrated the opening of that critical shipping route, but said, notably that an American blockade on Iranian ports would remain in full force until *** broader deal is reached that includes dismantling Iran’s nuclear program. Iran this morning saying it will maintain these restrictions on the strait until that US blockade ends. The brief opening of the waterway on Friday though did allow tankers to start resuming shipments that sent oil prices plunging. Of course, the whiplash this morning once again injecting uncertainty into the global economy. Before these developments, President Trump told reporters that *** longer term peace deal with Iran he felt was within reach. He said few differences remained, but he also did not commit to extending the current ceasefire agreement that’s due to expire on Wednesday. Maybe I won’t extend it, but the blockade is going to remain. But maybe I won’t extend it, so you have *** blockade, and unfortunately we’ll have to start dropping bombs again. That blockade is designed to strangle Iran’s economy and apply pressure in peace talks. President Trump has said that negotiations with Iran could continue this weekend. Reporting at the White House, I’m Jackie DeFusco.\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n
Oil prices rise anew amid a US-Iran standoff in the Strait of Hormuz<\/p>\n
\t\t\t\t\t\t<\/p>\n
\n\t\t\tUpdated: 5:39 PM CDT Apr 19, 2026\n\t\t<\/p>\n
\t\tEditorial Standards \u24d8<\/a><\/p>\n \n\t\t\t\t\t\tOil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies.The price of U.S. crude oil increased 6.4% to $87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 6.5% to $96.25 per barrel.The market reaction followed more than two days of growing hopes and dashed expectations involving the strait. Iran, which effectively controls the passage, said Friday that it would fully reopen the passage off its coast to commercial traffic. Crude prices plunged more than 9% on the news.Tehran reversed its decision on Saturday, after President Donald Trump said a U.S. Navy blockade of Iranian ports would remain in effect. Over the weekend, Iran\u2019s Revolutionary Guard fired on several vessels. Trump reported the forcible seizure of an Iranian-flagged cargo ship that tried to get around the blockade.The US-Israeli war against Iran, now in its eighth week, has created one of the worst global energy crises in decades. Countries in Asia and Europe that import much of their oil from the Middle East have felt the most impact of halted supplies and production cuts, although rapidly rising gasoline, diesel and jet fuel prices are affecting businesses and consumers worldwide.\n\t\t\t\t\t<\/p>\n Oil prices rose in early trading Sunday as a standoff between Iran and the U.S.<\/a> prevented tankers from using the Strait of Hormuz<\/a>, the Persian Gulf waterway that is crucial to global energy supplies.<\/p>\n The price of U.S. crude oil increased 6.4% to $87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 6.5% to $96.25 per barrel.<\/p>\n The market reaction followed more than two days of growing hopes and dashed expectations involving the strait. Iran, which effectively controls<\/a> the passage, said Friday that it would fully reopen the passage off its coast to commercial traffic. Crude prices plunged more than 9% on the news.<\/p>\n Tehran reversed its decision<\/a> on Saturday, after President Donald Trump said a U.S. Navy blockade of Iranian ports<\/a> would remain in effect. Over the weekend, Iran\u2019s Revolutionary Guard fired on several vessels. Trump reported the forcible seizure<\/a> of an Iranian-flagged cargo ship that tried to get around the blockade.<\/p>\n The US-Israeli war against Iran, now in its eighth week, has created one of the worst global energy crises in decades<\/a>. Countries in Asia and Europe that import much of their oil from the Middle East have felt the most impact of halted supplies and production cuts, although rapidly rising gasoline<\/a>, diesel and jet fuel<\/a> prices are affecting businesses and consumers worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"No immediate response from President Trump after Iran reversed course overnight, announcing that it would be reinstating restrictions…\n","protected":false},"author":2,"featured_media":73577,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[177,102,34,27025,261,11666,27026,21383,101,153],"class_list":{"0":"post-73576","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-strait-of-hormuz","8":"tag-conflict","9":"tag-hormuz","10":"tag-iran","11":"tag-macnd","12":"tag-oil-prices","13":"tag-rise","14":"tag-standoff","15":"tag-straight-of-hormuz","16":"tag-strait-of-hormuz","17":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116433829382370212","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/73576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=73576"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/73576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/73577"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=73576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=73576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=73576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}