Brent crude soars more than 5% after Trump blockade warning

US President Donald Trump meets with NASA's Artemis II astronauts Victor Glover, Christina Koch, Reid Wiseman and Jeremy Hansen in the Oval Office of the White House, April 29, 2026, in Washington, DC. (AP/Matt Rourke)
US President Donald Trump meets with NASA's Artemis II astronauts Victor Glover, Christina Koch, Reid Wiseman and Jeremy Hansen in the Oval Office of the White House, April 29, 2026, in Washington, DC. (AP/Matt Rourke)

Brent crude oil soars more than 5% after US President Donald Trump warned that the US blockade of Iranian ports could last months as peace talks remain stalled.

The contract jumped 5.6 percent to $124.67 in Asian trade, while West Texas Intermediate climbed 2.4 percent to $109.49.

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