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Crude oil surges over $120 a barrel on Iran war worries

Posted on April 30, 2026
By Star Tribune
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1 min read

Crude oil surges over $120 a barrel on Iran war worries

The price of Brent crude oil briefly surged past $126 a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war.