Brent crude surged 9% to $83 per barrel after Trump reinstated a naval blockade on Iran. Here's what the oil spike means for crypto and risk assets.

Trump says the U.S. “will be reimbursed” for helping ships through the Strait of Hormuz. The international oil benchmark, Brent, surpassed $80 per barrel.

As of 5:21 p.m. Moscow time, Brent crude was up 5.29%, trading at $80.03 per barrel

Iran says it will not allow Washington to intervene in the Strait of Hormuz

Oil prices climbed to their highest level in four weeks on Tuesday after the United States reinstated a naval blockade on Iran and intensified military strikes, while Tehran…

Crude oil futures climb as Trump reinstates a blockade on Iranian ports, significantly impacting shipping costs and market dynamics.

US President Donald Trump says he wants to charge vessels 20% tax to cross strait