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Standoff in the Strait of Hormuz is pushing global oil prices above $120 per barrel, with average gas prices in the US hitting a four-year high.

Published On 30 Apr 2026

  • US President Donald Trump says Washington’s blockade of Iranian ports has been a success and urges Tehran to “just give up”.
  • Iran’s military warns of “unprecedented action” if the US blockade continues, saying that “the restraint shown by armed forces so far has been intended to give diplomacy a chance”.