Oil back above $100 as US to blockade Iranian ports after peace talks fail
Global benchmark Brent crude was up by 7.3% at $102.30 (£76.32), while West Texas Intermediate was 8.7% higher at $104.94. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Oil prices surged back above $100 a barrel after US-Iranian peace talks failed and the US announced a blockade of Iranian ports.
- Brent crude rose 7.3% to $102.30 and West Texas Intermediate was up 8.7% to $104.94.
- President Donald Trump announced the blockade, to be enforced by US Central Command (Centcom).
- The blockade targets vessels entering or leaving Iranian ports, impacting global energy markets and Asian stock indexes.
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Lufthansa Pilots Begin 2-Day Strike, Grounding Hundreds of Flights - April 2026
Lufthansa pilots commenced a two-day strike, resulting in the cancellation of hundreds of flights across its main operations and subsidiaries. The industrial action began shortly after midnight and concluded late Tuesday. At the same time, the Airports Council International Europe warned of potential jet fuel shortages across the European Union within three weeks if the Strait of Hormuz remains closed. This warning comes as oil prices surged back above $100 a barrel after US-Iranian peace talks failed and the US announced a blockade of Iranian ports. The convergence of labor disputes and supply chain concerns has significantly disrupted European aviation.
