US blockade of Iranian ports causes international oil prices to rise, nearing $100.
The potential US blockade of Iranian ports is tightening global crude oil supply, leading to a rise in international oil prices. WTI crude for May delivery increased by $2.51 (2.6%) to $99.08 per barrel, and Brent crude for June delivery rose by $4.16 (4.37%) to $99.36 per barrel. However, signs of ongoing ceasefire talks limited the overall price increase.
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- 📰 Published: April 14, 2026 at 05:59
- 🔍 Collected: April 14, 2026 at 06:31 (32 min after Published)
- 🤖 AI Analyzed: April 14, 2026 at 06:32 (1 min after Collected)
On April 13, international oil prices rose following reports that a potential US blockade of Iranian ports could further tighten global crude oil supply. On the New York Mercantile Exchange, West Texas Intermediate (WTI) crude for May delivery increased by $2.51, or 2.6%, closing at $99.08 per barrel. In London, Brent crude for June delivery on the ICE Futures exchange rose by $4.16, or 4.37%, to $99.36 per barrel. However, indications that ceasefire talks might continue limited the overall price gains.