The diplomatic deadlock between the US and Iran over the Strait of Hormuz has led to a surge in oil prices above $106 per barrel.

Oil rises above $106 per barrel as US, Iran deadlocked in Strait of Hormuz https://www.aljazeera.com/economy/2026/4/24/oil-rises-above-106-per-barrel-as-us-iran-deadlocked-in-strait-of-hormuz?utm_source=flipboard&utm_medium=activitypub Posted into US & Canada News @us-canada-news-AlJazeera

🔴 BREAKING Oil Prices Surge Above $106 as US-Iran Deadlock Threatens Strait of Hormuz Oil prices climbed above $106 per barrel following a diplomatic deadlock between the US and Iran. President Trump announced that vessels now require US Navy permission to transit the Strait of Hormuz, escalating... 📰 https://www.aljazeera.com/economy/2026/4/24/oil-rises-above-106-per-barrel-as-us-iran-deadlocked-in-strait-of-hormuz?traffic_source=rss #Iran #USA #Hormuz #OilEnergy #Geopolitics #GeoWire

Oil rises above $106 per barrel as US, Iran deadlocked in Strait of Hormuz www.aljazeera.com/economy/2026/4/24/oil-rises-above-106-per-barrel-as-us-iran-deadlocked-in-strait-of-hormuz?traffic_source=rss Jump in prices comes as Donald Trump says vessels will need permission of US Navy to transit key waterway.

Oil rises above $106 per barrel as US, Iran deadlocked in Strait of Hormuz https://www.aljazeera.com/economy/2026/4/24/oil-rises-above-106-per-barrel-as-us-iran-deadlocked-in-strait-of-hormuz?utm_source=flipboard&utm_medium=activitypub Posted into ISRAELI-U.S. WAR WITH IRAN @israeli-u-s-war-with-iran-researchdept