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Brent crude oil hits 4-year high on Iran worries

The Hill · Apr 30, 2026, 1:18 PM · Also reported by 2 other sources

Why this matters: political developments that affect policy direction and public trust.

Global oil prices surged to a four-year high overnight before retreating somewhat early Thursday as the Strait of Hormuz remains closed, and the prospect of a deal to end the conflict looks dim. The price of Brent crude oil, the international benchmark, briefly jumped to $126 per barrel on Thursday

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Brent crude oil hits 4-year high on Iran worries

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