{"id":2596938,"date":"2026-04-30T03:19:01","date_gmt":"2026-04-30T07:19:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/brent-crude-tops-125-a-barrel-on-iran-war-worries-while-world-stocks-retreat\/"},"modified":"2026-04-30T03:20:33","modified_gmt":"2026-04-30T07:20:33","slug":"brent-crude-tops-125-a-barrel-on-iran-war-worries-while-world-stocks-retreat","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/brent-crude-tops-125-a-barrel-on-iran-war-worries-while-world-stocks-retreat\/","title":{"rendered":"Brent crude tops $125 a barrel on Iran war worries, while world stocks retreat"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbrent-crude-tops-125-a-barrel-on-iran-war-worries-while-world-stocks-retreat%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2596938&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Brent crude prices jumped above $125 a barrel early Thursday after stalled U.S.-Iran talks revived worries that tensions could prevent the Strait of Hormuz from reopening and leave the Iran conflict wiht no clear end. Brent futures for June rose 6.2% to $125.36,while July climbed 3.1% to $113.85; benchmark U.S. crude also increased 2.3% to $109.38.  <\/p>\n<p>Before the war began in late february, Brent was around $70. With U.S. efforts continuing to blockade Iranian ports and shipping disruptions persisting, traders see reduced odds of a quick return to normal oil flows. Analysts also pointed to reports that President Trump rejected Iran\u2019s proposal related to reopening the strait,further dampening market expectations.  <\/p>\n<p>The surge in oil coincided with a stronger U.S. dollar, as investors favored the dollar during risk and the Federal Reserve remained cautious about cutting rates.Asian markets largely pulled back-Tokyo, South Korea, and Hong Kong fell-while Japan\u2019s yen weakened enough that officials may intervene if declines continue.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p>HONG KONG (AP) \u2014 The price of Brent crude <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/oil\/\">oil<\/a> surged past $125 a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/strait-of-hormuz\/\">Strait of Hormuz<\/a> and a permanent end to the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/hub\/iran\">Iran war.<\/a><\/p>\n<p>Brent crude to be delivered in June jumped 6.2% to $125.36 and Brent to be delivered in July rose 3.1% to $113.85.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/4547877\/brooke-rollins-plan-reshore-fertilizer-production-iran-war-price-spike\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Brooke Rollins rolls out plan to reshore fertilizer production amid Iran war price spike<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4547316\/gas-prices-increase-of-20-cents-per-gallon-since-last-week\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Gas prices: Increase of 20 cents per gallon since last week<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4545446\/gas-prices-new-2026-high-set\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Gas prices: New 2026 high set nine days after energy secretary said prices \u2018likely peaked\u2019<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p>Benchmark U.S. crude climbed 2.3% to $109.38 per barrel.<\/p>\n<div class=\"article-paywall\">\n<p>Before the start of the war in late February, Brent crude was trading around $70 per barrel.<\/p>\n<p>The Iran war, which is in its ninth week, still sees no clear path to an end. The U.S. has continued its blockade of Iranian ports while the Strait of Hormuz, is closed, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/iranian-negotiators-are-begging-for-deal-trump-says\/\" title=\"...ian negotiators are \u2018begging\u2019 for deal, Trump says\">pushing oil prices higher<\/a>. Reports Thursday suggesting an possible escalation by U.S. President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\">Donald Trump<\/a> doused hopes for a quick end to the conflict.<\/p>\n<p>\u201cThe breakdown of talks between the U.S. and Iran, along with President Trump reportedly rejecting Iran\u2019s proposal for a reopening of the Strait of Hormuz, has the market losing hope for any quick resumption in oil flows,\u201d ING Bank strategists Warren Patterson and Ewa Manthey wrote in a research note.<\/p>\n<p>Oil prices vary depending on the type of crude oil, where it is being traded and under what terms, for futures contracts. By some measures, Brent has hit its highest level since its peak of $147.50 per barrel in 2008 during the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/milton-friedmans-revenge\/\" title=\"Milton Friedman\u2019s Revenge\">global financial crisis<\/a>.<\/p>\n<p>With the war rattling world markets, the U.S. dollar surged to 160.51 Japanese yen, its highest level in nearly two years. It closed at 160.44 yen on Wednesday.<\/p>\n<p>The dollar has gained against other <a href=\"https:\/\/amzn.to\/3YuVZYV\" >major currencies partly due<\/a> to its status as a haven for investors in times of risk, and partly because U.S. interest rates have remained relatively high as the Federal Reserve strives to balance a need to boost the economy with the higher prices that partly are a result of the war.<\/p>\n<p>The Fed\u2019s decision to keep interest rates steady at its policymaking meeting Wednesday further supported the dollar.<\/p>\n<p>Japanese officials would be likely to intervene in the market if the yen drops much more, analysts said.<\/p>\n<p>The euro fell to $1.1663 from $1.1675.<\/p>\n<p>U.S. futures and share prices in Asia retreated following a muted performance on Wall Street on Wednesday.<\/p>\n<p>Tokyo\u2019s Nikkei 225 shed 1.6% to 58,967.07 and the Kospi in South Korea fell 1.1% to 6,615.51.<\/p>\n<p>Hong Kong\u2019s Hang Seng lost 1.3% to 25,772.50, and the Shanghai Composite index traded 0.1% higher at 4,109.99. <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/article\/china-manufacturing-economy-pmi-exports-c94ca80788c8aa011f96cce352398a6f\">China\u2019s factory activity<\/a> for April slowed slightly but remained in expansion territory for the second month, despite the global energy shock prompted by the Iran war, an official survey showed.<\/p>\n<p>Australia\u2019s S&#038;P\/ASX 200 was down 0.3% to 8,665.50.<\/p>\n<p>Taiwan\u2019s Taiex edged 0.1% lower and while India\u2019s Sensex lost 1.2%.<\/p>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/4545540\/united-arab-emirates-quits-opec-alliance\/\"><strong>UNITED ARAB EMIRATES QUITS OPEC ALLIANCE<\/strong><\/a><\/p>\n<p>On Wednesday, U.S. stocks were <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/apnews.com\/article\/stock-markets-opec-trump-oil-iran-rates-16286a529f0fbb34ed213005ffda74b2\">mixed.<\/a> The benchmark S&#038;P 500 edged down less than 0.1% to 24,673.24. The Dow Jones Industrial Average fell 0.6% to 48,861.81, while the Nasdaq composite edged less than 0.1% higher to 24,673.24.<\/p>\n<p>Shares of Starbucks jumped 8.4% following better-than-expected results, and Visa surged 8.3% likewise.<\/p>\n<p>In other dealings, the yield on the U.S. 10-year Treasury rose to 4.42% from 4.36% on Tuesday, after the Fed announced it was holding off on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-banks-are-flush-with-cash-nobody-wants-to-borrow\/\" title=\"Chinese Banks Are Flush With Cash Nobody Wants to Borrow\">interest rate cuts<\/a>.<\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent crude rose above $125 as U.S.-Iran talks stalled, fueling Strait of Hormuz reopen doubts<\/p>\n","protected":false},"author":2634,"featured_media":2596939,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/04\/oil-prices.webp?w=696","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[78847,58306,57635,41872,78848],"class_list":["post-2596938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-brent-crude","tag-financial-markets","tag-iran-conflict","tag-oil-prices","tag-stock-selloff"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/04\/oil-prices.webp?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2596938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2634"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2596938"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2596938\/revisions"}],"predecessor-version":[{"id":2596942,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2596938\/revisions\/2596942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2596939"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2596938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2596938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2596938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}