Strait of Hormuz Blockaded Again, International Oil Prices Surge Over 6%
Geopolitical tensions between the US and Iran led to the renewed blockade of the Strait of Hormuz, causing Brent and WTI crude prices to surge by over 6%.
📋 Article Processing Timeline
- 📰 Published: April 20, 2026 at 09:27
- 🔍 Collected: April 20, 2026 at 09:31 (4 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 09:51 (19 min after Collected)
Key News on the US-Iran War
Central News Agency
(CNA, Singapore, 20th, Comprehensive Foreign Dispatch) The United States and Iran accused each other of violating the ceasefire agreement and attacking ships over the weekend. As a result, the Strait of Hormuz was closed again, and international oil prices rebounded by more than 6% today, reversing a drop of over 9% on the 17th.
Reuters reported that as of 23:27 GMT on the 19th, Brent crude oil futures surged $6.11, an increase of 6.76%, reporting at $96.49 per barrel; US West Texas Intermediate (WTI) crude oil reported at $90.38 per barrel, climbing $6.53 or 7.79%.
US President Trump posted on social media yesterday accusing the Iranian military of opening fire on international vessels near the Strait of Hormuz, completely violating their ceasefire agreement. Subsequently, he stated that the US military had seized an Iranian cargo ship attempting to break through the US interception.
Iran, on the other hand, stated that with Trump threatening to launch airstrikes again, Iran would not participate in the second round of peace talks.
Currently, the US continues to close Iranian ports; although Iran briefly lifted the blockade on the Strait of Hormuz, it has now been re-implemented.
In the two months leading up to the outbreak of the war, the Strait of Hormuz accounted for about one-fifth of the global oil supply. (Translator: Chi Chin-ling) 1150420
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Central News Agency
(CNA, Singapore, 20th, Comprehensive Foreign Dispatch) The United States and Iran accused each other of violating the ceasefire agreement and attacking ships over the weekend. As a result, the Strait of Hormuz was closed again, and international oil prices rebounded by more than 6% today, reversing a drop of over 9% on the 17th.
Reuters reported that as of 23:27 GMT on the 19th, Brent crude oil futures surged $6.11, an increase of 6.76%, reporting at $96.49 per barrel; US West Texas Intermediate (WTI) crude oil reported at $90.38 per barrel, climbing $6.53 or 7.79%.
US President Trump posted on social media yesterday accusing the Iranian military of opening fire on international vessels near the Strait of Hormuz, completely violating their ceasefire agreement. Subsequently, he stated that the US military had seized an Iranian cargo ship attempting to break through the US interception.
Iran, on the other hand, stated that with Trump threatening to launch airstrikes again, Iran would not participate in the second round of peace talks.
Currently, the US continues to close Iranian ports; although Iran briefly lifted the blockade on the Strait of Hormuz, it has now been re-implemented.
In the two months leading up to the outbreak of the war, the Strait of Hormuz accounted for about one-fifth of the global oil supply. (Translator: Chi Chin-ling) 1150420
Stand with the facts; every sponsorship you make is the power to protect press freedom.
Download the CNA 'First Hand News' APP to grasp the latest news instantly.
The text, images, and audio/video on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.