According to Reuters, Oil prices moved higher as shipping pressure in the Strait of Hormuz persisted. Reuters reported that shipping pressure in the Strait of Hormuz persisted, keeping tanker routes exposed.
Market_MoveUpdated · active update windowDevelopingSource: Media Report
Brent crude climbs as shipping pressure in Hormuz persists
Ongoing risks to trade routes in the Strait of Hormuz continue to drive oil prices higher.
—Market reference
LIVE
Active Update Window · updated 2026-04-24 19:32 UTCThis story updates earlier coverage: Brent crude jumps 3.0% as shipping pressure in Hormuz keeps tanker routes exposed