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Man filling up car at petrol station, symbolizing high oil prices

Oil price soars above $118 after reports of ‘extended’ Iran blockade

Global crude oil markets were thrown into turmoil recently as prices dramatically surged, propelled by unsettling reports hinting at a prolonged U.S. Iran blockade. This development, rooted in escalating geopolitical…

By Articles Infos | April 30, 2026

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