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Strait Hormuz risk

Oil prices may surge to $140 amid rising tensions

April 30, 2026 by maleeha zahid

Iran’s Parliament Speaker Mohammad Bagher Ghalibaf has warned that global crude oil prices could climb to $140 per barrel as tensions surrounding Iranian exports continue to escalate. He sharply criticised Washington’s strategy, arguing that attempts to pressure Iran through restrictions on oil movement are backfiring. According to his remarks, instead of stabilising markets, such policies […]

Filed Under: Business Tagged With: crude oil forecast, energy crisis outlook, Global oil market, Iran US tensions, Latest, oil price surge, Strait Hormuz risk

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