Oil Jumps Past $106 as US-Iran Tensions Rise in Strait of Hormuz Despite Ceasefire Push

Brief by Shorts91 Newsdesk / 09:24am on 24 Apr 2026,Friday International

Global oil prices rose above $106 as tensions grew in the Strait of Hormuz amid the Iran-US standoff. Donald Trump said the “clock is ticking” for Iran to agree to a deal. He also ordered action against Iranian boats in the key shipping route. The US said it seized an oil tanker, while Iran earlier targeted three ships and captured two. At the same time, talks led to a three-week ceasefire extension between Israel and Lebanon. However, strikes and casualties in southern Lebanon continue.

Read More at The Indian Express

Menu