Oil prices climb as Middle East conflict impacts supply

Brent crude rose to $111.43 as supply fears persist. President Trump threatened Iranian infrastructure if the Strait of Hormuz remains closed to trade.

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Global energy markets reacted sharply as trading resumed following the Easter holiday weekend, with oil prices climbing significantly amid the escalating military conflict involving the United States, Israel, and Iran. The ongoing hostilities have raised severe concerns regarding the stability of global energy supplies, particularly as regional tensions threaten to disrupt key maritime corridors.

A commercial vessel navigates the waters of the Gulf in close proximity to the strategically vital Strait of Hormuz during the height of the regional conflict in March 2026. REUTERS/Stringer/File Photo
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