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Originally published by Capital Business
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business
April 30, 2026
6h ago

Oil price hits highest since 2022 after report Trump to be briefed on new Iran options

Oil price hits highest since 2022 after report Trump to be briefed on new Iran options

Brent crude rose by almost 7% to more than $126 (£94) a barrel at one point, the highest since Russia's full-scale invasion of Ukraine. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Oil prices surged to their highest point since 2022 following reports that US Central Command is preparing new strike options for President Donald Trump regarding Iran.

  • Brent crude oil reached over $126 per barrel, a significant increase attributed to stalled peace talks and the closure of the Strait of Hormuz.
  • Key players include President Donald Trump and US Central Command, considering "short and powerful" strikes on Iran.
  • The price jump has led to increased pump prices for consumers in the UK, with petrol averaging 157p per litre and diesel at nearly 189p per litre.

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