← Scoopfeeds — Intelligent news, curated.
Oil Holds Weekly Gain as Trump Says Iran Blockade Is Working
business

Oil Holds Weekly Gain as Trump Says Iran Blockade Is Working

Bloomberg Markets · Apr 30, 2026, 10:01 PM · Also reported by 4 other sources

Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports, elevating concerns the vital Strait of Hormuz would not reopen anytime soon.

Read full story on Bloomberg Markets → More top stories

Also covered by

DW English Can Iran withstand the US naval blockade? NY Times Trump ‘Not Satisfied’ With Iran’s Proposal on Ending War Financial Times What will Trump’s war on Iran mean for global trade? CNBC Trump says 'Iran wants to make a deal, but I'm not satisfied with it'

More in business

CNBC
Berkshire Hathaway’s shopping extravaganza draws lighter crowds as spotlight shifts to Greg Abel
Bloomberg Markets
AI Chipmaker Cerebras Is Said to Target Up to $4 Billion in IPO
Bloomberg Markets
Retailer West Marine Readies Possible Bankruptcy to Close Stores
Bloomberg Markets
Harbinger's Williams: Sports are at an Inflection Point
Bloomberg Markets
Brooks Apparel 'Resonating' With Chinese Runners, Says CEO Dan Sheridan
Aggregated and edited by the Scoop newsroom. We surface news from Bloomberg Markets alongside other reporting so you can compare coverage in one place. Editorial policy · Corrections · About Scoop