Oil Price Today (April 29): Crude oil crosses $110, extends gain for 8th straight session. Here’s why
- Posted on April 29, 2026
- By Business News Today
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- 1 min read
Oil Price Today (April 29): Crude oil crosses $110, extends gain for 8th straight session. Here’s why
Oil prices continued their rally for an eighth consecutive day, driven by reports of a potential extended U.S. blockade of Iranian ports. This move, aimed at pressuring Iran's economy and oil exports, could prolong supply disruptions from the Middle East. The Strait of Hormuz's reduced accessibility has already significantly impacted energy supplies, leading to fears of a fresh inflation crisis.
